Governor Ned M. Lamont
 
General Obligation Bonds School Construction

 

State Revolving Fund General Revenue Bonds (2017 Series A) State Revolving Fund Refunding General Revenue Bonds (2017 Series B)

The State is issuing $250,000,000* State Revolving Fund General Revenue Bonds (2017 Series A) for various projects and purposes and $120,000,000* State Revolving Fund Refunding General Revenue Bonds Bonds (2017 Series B) for the purpose of refunding certain outstanding Bonds issued under the state’s SRF program.

Considerations

Before you buy any bonds, you should read the related Preliminary and final Official Statement, which will contain all available information about the bonds.
See the Official Statement for further and detailed information regarding the tax status of the bonds. Before deciding to purchase any bonds, investors should consult their tax advisors to determine the applicable federal, state and local tax consequences of owning any bonds.

 

Schedule*

Expected Retail Order Period: Wednesday, May 31, 2017*
Expected Pricing: Thursday, June 1, 2017*
Expected Date of Delivery: Thursday, June 15, 2017*

Transaction Overview*

Estimated Size of 2017 Series A: $250,000,000
Estimated Size of 2017 Series B: $120,000,000
Security: All available moneys in the Revolving Fund
Expected Structure of 2017 Series A: Serial Maturities due May 1, 2018-2037
Expected Structure of 2017 Series B: Serial Maturities due June 1, 2020-2027
Securities Offered: Fixed Rate Bonds
Bond Insurance: None
Call Feature for Optional Redemption Series A: The Series A Bonds maturing after May 1, — are subject to optional redemption, at 100%, on or after May 1, —.
Call Feature for Optional Redemption Series B: Are not subject to redemption prior to maturity.
Interest Payment Dates 2017 Series A: November 1 and May 1
Interest Payment Dates 2017 Series B: December 1 and June 1
Denominations: $5,000, or any integral multiple thereof
Ratings: Moody’s: Aaa
S&P: AAA
Fitch: AAA
Expected Tax Status: Interest on the 2017 Series A and 2017 Series B Bonds is exempt from federal income tax and, for Connecticut residents, is also State tax-exempt
Announcement: Download the Announcement Document
Preliminary Official Statement: Download the Preliminary Official Statement
Investor Presentation Link
Note: Expires June 1, 2017. The MuniOS website requires users to create a free account prior to viewing the presentation.

*Preliminary Subject to Change


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