Next Bond Sale
$1,601,000,000*
State of Connecticut
General Obligation Bonds 2025 Series A, Refunding Series B
Taxable General Obligation Bonds 2025 Series A
The State intends to sell $1,601,000,000 of General Obligation Bonds during the week of April 21, 2025,
as follows:
$150,000,000* General Obligation Bonds (2025 Series A)
$1,151,000,000* General Obligation Refunding Bonds (2025 Series B)
$300,000,000* Taxable General Obligation Bonds (2025 Series A)
Considerations
Before you buy any bonds, you should read the related Preliminary and final Official Statement, which will contain all available information about the bonds.
See the Official Statement for further and detailed information regarding the tax status of the bonds. Before deciding to purchase any bonds, investors should consult their tax advisors to determine the applicable federal, state and local tax consequences of owning any bonds.
Schedule*
Expected Retail Pricing: | Tuesday, April 22, 2025 |
Expected Institutional Pricing: | Wednesday, April 23, 2025 |
Expected Delivery Date: | Wednesday, May 7, 2025 |
Transaction Overview*
Par Amount: | 2025 Series A (Tax-Exempt): $150,000,000 |
Bond Program: | General Obligation Bonds |
Expected Structure*: | 2025 Series A (Tax-Exempt): Serial Maturities 2026 to 2045 |
Bond Insurance: | None |
Principal Payment Dates: | 2025 Series A (Tax-Exempt): March 15* |
Interest Payment Dates: | 2025 Series A (Tax-Exempt): March 15 and September 15* |
Optional Redemption: | 2025 Series A (Tax-Exempt: March 15, 2035 @ 100%* |
Expected Tax Status: | Interest on the 2025 Series A Bonds and 2025 B Bonds is excludable from gross income for federal income tax purposes and is excludable from Connecticut taxable income. Interest on the Taxable 2025 Series A Bonds is includable in gross income for federal income tax purposes and is excludable from Connecticut taxable income. |
Bond Ratings: | Moody’s: Aa3 (Positive) |
Announcement: | Tombstone Announcement (PDF) |
Official Statement: | Preliminary Official Statement (PDF) |
Presentation: | Investor Presentation (PDF) |
*Preliminary, subject to change.
More Information
To purchase State of Connecticut General Obligation Bonds, 2025 Series A, Refunding Series B, Taxable Series A, and for a more complete description of the Bonds, contact an investment professional at any of the firms listed below.
For investment advice, please contact your investment advisor.
For more information on the State of Connecticut bonds, please submit a request for information on our Contact Page.
Senior Manager
Barclays
212-528-1115
Ramirez & Co., Inc.
800-888-4086
Co-Senior Managers
Blaylock Van, LLC
877-591-7072
Janney Montgomery Scott
800-822-2014
Morgan Stanley
203-967-7001
Co-Managers
Academy Securities
646-205-0240
American Veterans Group, PBC
646-933-8387
Baird
414-765-3649
BofA Securities
888-768-6999
Drexel Hamilton, LLC
212-632-0400
Fidelity Capital Markets
800-544-5372
Jefferies
800-567-8567
Mesirow Financial, Inc.
800-558-7290
Mischler Financial Group, Inc.
800-820-0640
Piper Sandler & Co
800-552-0614
PNC Capital Markets LLC
877-587-8554
RBC Capital Markets
800-243-2478
Siebert Williams Shank & Co., LLC
800-334-6800
Stern Brothers & Co.
800-466-5519
Stifel
800-679-5446
Wells Fargo Bank, N.A.
866-287-3221