$850,000,000*
State of Connecticut
Special Tax Obligation Bonds, 2020 Series A
(Transportation Infrastructure Purposes)
The State intends to sell these Bonds the week of May 18, 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 Order Period: | Monday, May 18, 2020 |
| Expected Institutional Pricing: | Tuesday, May 19, 2020 |
| Expected Closing and Delivery Date: | Friday, May 29, 2020 |
Transaction Overview* |
|
| Par Amount: | $850,000,000* |
| Bond Program: | Special Tax Obligation Bonds (Transportation Infrastructure Purposes) |
| Expected Structure: | Serial Maturities 2021 to 2040* |
| Bond Insurance: | None |
| Principal Payment Date: | May 1st |
| Interest Payment Dates: | May 1st and November 1st |
| Optional Redemption: | 10-year Par Call (Expected) |
| 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: | Kroll:Â AA+ / Stable Outlook S&P:Â A+ / Stable Outlook Fitch:Â A+ / Stable Outlook |
| Announcement: | Tombstone Announcement |
| Preliminary Official Statement: | Preliminary Official Statement |
| Investor Presentation: | Investor Presentation |
*Preliminary, subject to change.