Connecticut plans $200 million sale of general revenue bonds

By Sheri Kasprzak

New York, March 7 - The State of Connecticut is expected to price $200 million of series 2011A state revolving fund general revenue bonds, said a preliminary official statement.

The bonds will be sold on a negotiated basis with Ramirez & Co. as the senior manager. The co-managers are Goldman, Sachs & Co.; Bank of America Merrill Lynch; Jackson Securities Inc.; M.R. Beal & Co.; Citigroup Global Markets Inc.; Belle Haven Investments LP; J.P. Morgan Securities LLC; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; RBC Capital Markets LLC; Rice Financial Products Co.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Bank, NA; and William Blair & Co.

The bonds are due 2012 to 2031.

Proceeds will be used to fund loans and to reimburse the state for previously advanced loans.

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