Connecticut to sell $310 million revenue bonds on Tuesday via Ramirez

By Sheri Kasprzak

New York, June 12 - The state of Connecticut is scheduled to sell $310 million in series 2009 state revolving fund general revenue bonds Tuesday, according to a sales calendar.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Ramirez & Co. Inc. as the senior manager. The co-managers are M.R. Beal & Co.; Goldman, Sachs & Co.; Jackson Securities Inc.; Barclays Capital Inc.; Belle Haven Investments LP; Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; Loop Capital Markets LLC; Merrill Lynch & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets Inc.; Siebert Brandford Shank & Co. LLC; Wachovia Bank; and William Blair & Co. Inc.

The sale includes $210 million in series 2009A general revenue bonds and $100 million in series 2009B refunding general revenue bonds.

The 2009A bonds are due 2010 to 2027 and the 2009B bonds are due 2010 to 2021.

Proceeds will be used to pay for water and wastewater projects, as well as to refund the state's series 1999 bonds.

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