$400,000,000*
State of Connecticut
General Obligation Bonds
(2020 Series C)
The State intends to sell $400,000,000* of General Obligation Bonds during the week of June 8, 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: | Wednesday, June 10, 2020 |
| Expected Institutional Pricing: | Thursday, June 11, 2020 |
| Expected Closing and Delivery Date: | Thursday, June 25, 2020 |
Transaction Overview* |
|
| Par Amount: | $400,000,000* |
| Bond Program: | General Obligation Bonds |
| Expected Structure: | Serial Maturities 2021 to 2040* |
| Bond Insurance: | None |
| Principal Payment Date: | June 1st |
| Interest Payment Dates: | June 1st and December 1st |
| Optional Redemption: | 10-year Par Call (June 1, 2030) |
| 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 |
| Preliminary Official Statement: | Preliminary Official Statement |
| Investor Presentation: | Investor Presentation |
*Preliminary, subject to change.