Connecticut offers $550 million of G.O. bonds in three tranches

By Cristal Cody

Tupelo, Miss., Nov. 12 – The State of Connecticut plans to price $550 million of general obligation bonds, according to a preliminary official statement.

The deal includes $240 million of series 2014F G.O. bonds, $60 million of series 2014G G.O. green bonds and $250 million of series 2014H G.O. refunding bonds.

The series 2014F bonds are due 2015 through 2043; the series 2014G bonds are due 2028 through 2031; and the series 2014H bonds are due 2016 through 2026.

J.P. Morgan Securities LLC is the bookrunner for the negotiated offering.

The co-managers are Barclays; Morgan Stanley & Co. LLC; Ramirez & Co., Inc.; Williams Capital Group, LP; Robert Baird & Co.; Blaylock Beal Van, LLC; Estrada Hinojosa & Co.; Janney Montgomery Scott LLC; Jefferies & Co.; KeyBanc Capital Markets Inc.; Loop Capital Markets LLC; Prager & Co., LLC; Rice Financial Products Co.; U.S. Bancorp Investments, Inc. and William Blair & Co.

Proceeds from the offering will be used to finance state projects, including clean water projects, and to refund outstanding bonds.

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