Governor Ned M. Lamont
 

$800,000,000*
State of Connecticut
General Obligation Bonds
2021 Series A

The State intends to sell $800,000,000* of General Obligation Bonds during the week of December 14, 2020.

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 Pricing: Monday, December 14, 2020
Expected Institutional Pricing: Tuesday, December 15, 2020
Expected Closing and Delivery Date: Wednesday, January 6, 2021

 

Transaction Overview*

Par Amount: $800,000,000*
Bond Program: General Obligation Bonds
Expected Structure: Serial Maturities 2022 to 2041*
Bond Insurance: None
Principal Payment Date: January 15th
Interest Payment Dates: January 15th and July 15th
Optional Redemption: 10-year Par Call (January 15, 2031)
Bond Type: Fixed Rate
Denominations: $5,000 or any integral multiples thereof
Tax Status: Interest on the Bonds is exempt from Federal
income tax and, for Connecticut residents, is
also State tax-exempt.
Bond Ratings: Moody’s: A1 / Stable Outlook
S&P: A / Stable Outlook
Fitch: A+ / Stable Outlook
Kroll: AA- / Stable Outlook
Announcement: Tombstone Announcement (PDF)
Official Statement: Preliminary Official Statement (PDF)
Presentation: Investor Presentation (PDF)

 

*Preliminary, subject to change.

 


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