$800,000,000*
State of Connecticut
General Obligation Bonds
2021 Series A
The State intends to sell $800,000,000* of General Obligation Bonds during the week of December 14, 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: | Monday, December 14, 2020 |
| Expected Institutional Pricing: | Tuesday, December 15, 2020 |
| Expected Closing and Delivery Date: | Wednesday, January 6, 2021 |
Transaction Overview* |
|
| Par Amount: | $800,000,000* |
| Bond Program: | General Obligation Bonds |
| Expected Structure: | Serial Maturities 2022 to 2041* |
| Bond Insurance: | None |
| Principal Payment Date: | January 15th |
| Interest Payment Dates: | January 15th and July 15th |
| Optional Redemption: | 10-year Par Call (January 15, 2031) |
| 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 (PDF) |
| Official Statement: | Preliminary Official Statement (PDF) |
| Presentation: | Investor Presentation (PDF) |
*Preliminary, subject to change.