By Sheri Kasprzak
New York, Aug. 3 – The State of Connecticut priced $500 million of series 2016 general obligation bonds, according to a pricing sheet.
The deal included $250 million of series 2016D bonds and $250 million of series 2016A taxable bonds.
The 2016D bonds are due 2017 to 2036 with 3% to 5% coupons and yields from 0.65% to 3.067%.
The 2016A bonds are due 2017 to 2026 with coupons from 1% to 2.6% and yields range from 0.81% to 2.562%.
The bonds (//AA-) were sold competitively, but the issuer did not immediately respond to requests for the winning bidder.
Proceeds will be used to finance statewide capital projects.
| Issuer: | State of Connecticut
|
| Issue: | Series 2016 general obligation bonds
|
| Amount: | $500 million
|
| Type: | Competitive
|
| Rating: | Fitch: AA-
|
| Pricing date: | Aug. 3
|
| Settlement date: | Aug. 17
|
|
|
| $250 million series 2016D bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $12.5 million | 2017 | Serial | 5% | 104.304 | 0.65%
|
| $12.5 million | 2018 | Serial | 5% | 108.397 | 0.75%
|
| $12.5 million | 2019 | Serial | 5% | 112.086 | 0.90%
|
| $12.5 million | 2020 | Serial | 5% | 115.157 | 1.11%
|
| $12.5 million | 2021 | Serial | 5% | 117.889 | 1.29%
|
| $12.5 million | 2022 | Serial | 5% | 119.993 | 1.50%
|
| $12.5 million | 2023 | Serial | 5% | 121.97 | 1.66%
|
| $12.5 million | 2024 | Serial | 5% | 123.979 | 1.77%
|
| $12.5 million | 2025 | Serial | 5% | 125.801 | 1.87%
|
| $12.5 million | 2026 | Serial | 5% | 127.054 | 2.00%
|
| $12.5 million | 2027 | Serial | 5% | 125.816 | 2.12%
|
| $12.5 million | 2028 | Serial | 5% | 124.998 | 2.20%
|
| $12.5 million | 2029 | Serial | 4% | 113.761 | 2.44%
|
| $12.5 million | 2030 | Serial | 4% | 112.815 | 2.54%
|
| $12.5 million | 2031 | Serial | 4% | 112.345 | 2.59%
|
| $12.5 million | 2032 | Serial | 4% | 111.878 | 2.64%
|
| $12.5 million | 2033 | Serial | 3% | 101.035 | 2.88%
|
| $12.5 million | 2034 | Serial | 3% | 100 | 3.00%
|
| $12.5 million | 2035 | Serial | 3% | 99.25 | 3.052%
|
| $12.5 million | 2036 | Serial | 3% | 99 | 3.067%
|
|
|
| $250 million series 2016A taxable bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $25 million | 2017 | Serial | 1% | 100.187 | 0.81%
|
| $25 million | 2018 | Serial | 1.1% | 100.177 | 1.01%
|
| $25 million | 2019 | Serial | 1.3% | 100.205 | 1.23%
|
| $25 million | 2020 | Serial | 1.55% | 100.386 | 1.45%
|
| $25 million | 2021 | Serial | 1.75% | 100.501 | 1.645%
|
| $25 million | 2022 | Serial | 2.02% | 100.247 | 1.976%
|
| $25 million | 2023 | Serial | 2.15% | 100.479 | 2.076%
|
| $25 million | 2024 | Serial | 2.4% | 100.275 | 2.362%
|
| $25 million | 2025 | Serial | 2.52% | 100.465 | 2.462%
|
| $25 million | 2026 | Serial | 2.6% | 100.333 | 2.562%
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
