$1,145,000,000*
State of Connecticut
Special Tax Obligation Bonds
(Transportation Infrastructure Purposes)
Consisting of:
$830,000,000 Special Tax Obligation Bonds, Transportation Infrastructure Purposes, 2022 Series A
$315,000,000* Special Tax Obligation Refunding Bonds, Transportation Infrastructure Purposes, 2022 Series B
*Preliminary, subject to change
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.
Anticipated Schedule* |
|
| Retail Order Period: | Monday, October 17, 2022 |
| Institutional Pricing: | Tuesday, October 18, 2022 |
| Delivery Date: | Monday, November 7, 2022 |
Transaction Overview* |
|
| Par Amount: | $1,145,000,000* |
| Bond Program: | Special Tax Obligation Bonds (Transportation Infrastructure Program) |
| Expected Structure: | Serial Maturities 2023 to 2043 |
| Bond Insurance: | None |
| Principal Payment Dates: | July 1st, and January 1, 2024 |
| Interest Payment Dates: | January 1st and July 1st commencing July 1, 2023 |
| Optional Redemption: | Bonds maturing on or after July 1, 2024*: January 1, 2033* at Par |
| Bond Type: | Fixed Rate |
| Denominations: | $5,000 |
| Tax Status: | Interest on the bonds is exempt from Federal income tax and Connecticut income tax. |
| Bond Ratings: | Moody’s: Aa3, Stable Outlook Kroll: AA+, Stable Outlook S&P: AA-, Positive Outlook Fitch: AA-, Stable Outlook |
| Announcement: | Tombstone Announcement (PDF) |
| Official Statement: | Preliminary Official Statement (PDF) |
| Presentation: | Investor Presentation (PDF) |
*Preliminary, subject to change.
The above overview is furnished solely to provide limited introductory information regarding the bonds, and does not purport to be comprehensive. All such information is qualified in its entirety by reference to the more detailed descriptions appearing in the Official Statement, including the Appendices.