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Connecticut readies $510.59 million sale of general obligation bonds
By Sheri Kasprzak
New York, July 28 – The State of Connecticut is set to price $510.59 million of series 2014 general obligation bonds on Aug. 6, according to a preliminary official statement.
The deal includes $300 million of series 2014E G.O. bonds, $200 million of series 2014A taxable G.O.s and $10.59 million of series 2014B taxable refunding G.O. bonds.
The bonds will be sold competitively with Acacia Financial Group Inc. and A.C. Advisory Inc. as the financial advisers.
The 2014E bonds are due 2015 to 2034, the 2014A bonds are due 2015 to 2024, and the 2014B bonds are due in 2027.
Proceeds will be used to finance capital expenditures for the state, as well as to refund existing G.O. debt.
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