$450,000,000*
State of Connecticut
General Obligation Bonds
2024 Series D and A (Taxable)
The State intends to sell $450,000,000* of General Obligation Bonds during the week of June 3, 2024, as follows:
$200,000,000* General Obligation Bonds (2024 Series D)
$250,000,000* Taxable General Obligation Bonds (2024 Series A)
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, June 3, 2024 |
| Expected Institutional Pricing: | Tuesday, June 4, 2024 |
| Expected Closing and Delivery Date: | Tuesday, June 18, 2024 |
Transaction Overview* |
|
| Par Amount: | 2024 Series D: $200,000,000* 2024 Series A (Taxable): $250,000,000* |
| Bond Program: | General Obligation Bonds |
| Expected Structure: | 2024 Series D: Serial Maturities 2025 to 2044* 2024 Series A (Taxable): Serial Maturities 2025 to 2034* |
| Bond Insurance: | None |
| Principal Payment Dates: | 2024 Series D: May 1st* 2024 Series A (Taxable): May 1st* |
| Interest Payment Dates: | 2024 Series D: May 1st and November 1st* 2024 Series A (Taxable): May 1st and November 1st* |
| Optional Redemption: | 2024 Series D: To Be Determined 2024 Series A (Taxable): Make Whole Call |
| Tax Status: | Interest on the 2024 Series D General Obligation Bonds will be exempt from Federal income tax and, for Connecticut residents, will also be State tax-exempt. Interest on the Taxable 2024 Series A General Obligation Bonds will be included in gross income for Federal income taxes but is excluded from Connecticut taxable income. |
| Bond Ratings: | Moody’s: Aa3 (Positive) S&P: AA- (Stable) Fitch: AA- (Positive) Kroll: AA+ (Stable) |
| Announcement: | Tombstone Announcement (PDF) |
| Official Statement: | Preliminary Official Statement (PDF) |
| Presentation: | Investor Presentation (PDF) |
*Preliminary, subject to change.