Step 1. Have or obtain a brokerage account.
Bonds issued by the State of Connecticut on the primary market must be purchased through a Investment Advisor or Broker that is on the State’s qualified list. If you do not have an account at one of the participating firms, you may open one and purchase bonds or notes during the retail priority order period. Investors are encouraged to begin the new account process well in advance of the bond sale. Depending on the brokerage, internal new account procedures may take some time to process. Each firm has its own requirements for opening an account. The State does not endorse any particular brokerage firm. Additionally, the State does not guarantee that any one of these firms will open an account for an investor.
Step 2. Learn about the bonds.
Information about the State and its current and/or upcoming bond offerings may be found at www.buyctbonds.com
. Bonds are only offered through an Official Statement (OS). A Preliminary Official Statement (POS) is the pre-sale offering document for bonds that is prepared for a particular transaction or bond sale. The POS discloses security features, economic, financial, and legal information regarding the bond issue as well as any other material news that merits disclosure to the investor community. A POS contains relevant information except for that determined on the pricing date of the bond sale (interest rates, maturity amounts, etc.).An OS contains the pricing data in addition to all of the information contained in the POS. The OS is typically not finalized until after the results of the bond sale or “pricing.” As a result, the OS discloses the results of the bond sale or pricing and details the data that is determined on the pricing date of the bond sale such as interest rates and maturity structures. Before purchasing a State of Connecticut bond, you should conduct your own due diligence by reading the POS or OS for that bond issue.In addition, on the www.buyctbonds.com
, website you may submit a request to be added to the State of Connecticut Treasurer’s Office e-mail list to be notified of upcoming bond offerings.
Step 3. Place an order to buy bonds.
When the State issues new bonds, there is usually a retail priority order period for individual investors to place retail orders which is advertised to the public. Please contact your Investment Advisor or the Broker with whom you have an account for information about how to buy bonds or notes during the retail priority order period.