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Hartford, Conn., prepares $132 million offering of G.O. bonds, BANs
By Sheri Kasprzak
New York, Oct. 8 – The City of Hartford, Conn., is set to price $132 million of series 2014 general obligation bonds and G.O. bond anticipation notes, according to a preliminary official statement.
The offering includes $82 million of series 2014B G.O. bonds and $50 million of series 2014 G.O. BANs.
The bonds and notes (A2/MIG 2/AA-/SP-1/) will be sold on a negotiated basis with William Blair & Co. as the senior manager. The co-managers are Piper Jaffray & Co. and Siebert Brandford Shank & Co. LLC.
The maturities have not been set for the bonds. The BANs are due Oct. 27, 2015.
Proceeds will be used to finance capital improvement projects, including school projects within the city.
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