Connecticut plans to redeem all $100 million 2001A G.O. bonds June 29

By Ashley Montgomery

Kansas City, Kan., June 15 - State of Connecticut will redeem all of its $100 million series 2001 A variable-rate demand general obligation bonds due Feb. 15, 2021, according to a notice.

The bonds will be redeemed June 29 at par plus accrued interest to the redemption date.

The state said the redemption depends upon the issuance of its 2012 series C general obligation refunding bonds. If the bonds are not redeemed on June 29, they will become subject to mandatory tender on July 10 due to the expiration of the standby bond purchase agreement on July 15.

U.S. Bank, NA is the agent.

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