Governor Ned M. Lamont
 

$850,000,000*
State of Connecticut
Special Tax Obligation Bonds, 2020 Series A
(Transportation Infrastructure Purposes)

The State intends to sell these Bonds the week of May 18, 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 Order Period: Monday, May 18, 2020
Expected Institutional Pricing: Tuesday, May 19, 2020
Expected Closing and Delivery Date: Friday, May 29, 2020

 

Transaction Overview*

Par Amount: $850,000,000*
Bond Program: Special Tax Obligation Bonds (Transportation Infrastructure Purposes)
Expected Structure: Serial Maturities 2021 to 2040*
Bond Insurance: None
Principal Payment Date: May 1st
Interest Payment Dates: May 1st and November 1st
Optional Redemption: 10-year Par Call (Expected)
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: Kroll:  AA+ / Stable Outlook
S&P:  A+ / Stable Outlook
Fitch:  A+ / Stable Outlook
Announcement: Tombstone Announcement
Preliminary Official Statement: Preliminary Official Statement
Investor Presentation: Investor Presentation

 

*Preliminary, subject to change.


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