Connecticut coordinates $650 million sale of general obligation bonds

By Sheri Kasprzak

New York, May 15 - The State of Connecticut is set to price $650 million of series 2014C general obligation refunding bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager.

The co-managers are Barclays; Loop Capital Markets LLC; Raymond James/Morgan Keegan; Roosevelt & Cross Inc.; Baird & Co.; Cabrera Capital Markets LLC; CastleOak Securities LP; Citigroup Global Markets Inc.; Edward D. Jones & Co. LP; Janney Montgomery Scott LLC; Prager & Co. LLC; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; Sterne, Agee & Leach Inc.; Stifel, Nicolaus & Co. Inc.; TD Securities (USA) LLC; Williams Capital Group LP; and William Blair & Co.

The bonds are due 2014 to 2025.

Proceeds will be used to refund the state's series 2004B and 2005C-D G.O. bonds.

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