Governor Ned M. Lamont
 

$897,955,000*
State of Connecticut
General Obligation Bonds
2020 Series A and
2020 Refunding Series B

The State intends to sell $897,955,000* of General Obligation Bonds consisting of $700,000,000* General Obligation Bonds 2020 Series A and $197,955,000* General Obligation Refunding Bonds 2020 Series B during the week of December 9, 2019.

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, December 11, 2019
Expected Institutional Pricing: Thursday, December 12, 2019
Expected Closing and Delivery Date: Tuesday, January 07, 2020

 

Transaction Overview*

Par Amount: $897,955,000*
Bond Program: General Obligation Bonds
Expected Structure: Serial Maturities 2020 to 2040
Bond Insurance: None
Principal Payment Date: January 15th
Interest Payment Dates: January 15th and July 15th
Optional Redemption: To be determined at the time of pricing
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)
Standard & Poor’s: A (Positive Outlook)
Fitch: A+ (Stable Outlook)
Kroll: AA- (Stable Outlook)
Announcement: Tombstone Announcement
Preliminary Official Statement: Preliminary Official Statement
Investor Presentation: Investor Presentation

 

*Preliminary, subject to change.

 


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