Connecticut to sell $300 million special tax obligation bonds Tuesday

By Sheri Kasprzak

New York, Nov. 14 - Connecticut plans to price $300 million in series 2008A special tax obligation bonds Tuesday, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Citigroup Global Markets as the lead manager.

The co-managers are Banc of America Securities LLC; Goldman, Sachs & Co.; Jackson Securities; Estrada Hinojosa & Co.; Siebert Brandford Shank & Co.; J.P. Morgan Securities Inc.; Loop Capital Markets; M.R. Beal & Co.; Merrill Lynch & Co.; Morgan Stanley & Co. Inc.; Prager, Sealy & Co.; Ramirez & Co.; Raymond James & Associates; RBC Capital Markets; Rice Financial Products; Roosevelt & Cross; Sterne, Agee & Leach; and Webster Bank.

The bonds are due 2009 to 2028.

Proceeds will be used to complete infrastructure projects.

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