The State of Connecticut is expected to come to market with $163,300,000 State Revolving Fund Refunding General Revenue Bonds (Green Bonds, 2026 Series A) (the "Bonds")1.
Proceeds of the Bonds will be used by the State primarily to refund certain outstanding bonds issued under the State's SRF Program and to pay costs of issuance, as described in the Preliminary Official Statement.
The Bonds are special obligations of the State payable solely from Available Moneys in the Revolving Fund (as defined in the Preliminary Official Statement). The issuance of the Bonds shall not directly or indirectly or contingently obligate the State or any political subdivision thereof to levy or to pledge any form of taxation whatsoever therefor or to make any appropriation for their payment. See the Preliminary Official Statement for more details.
The Bonds are not subject to redemption prior to maturity. The Bonds are rated "AAA" by S&P and "AAA" by Fitch2.
Key benefits
The bond sale offers attractive benefits to individual investors including prices and and yields that match those available to institutional investors and the potential for stable income through maturity. And, for State of Connecticut residents, federal and State of Connecticut tax-exemption on the bond coupon payments.
How to place an order
The offer is expected to price the week of May 25, 20261 although market conditions and/or the discretion of the issuer may alter the anticipated timeline. Individual investors can place orders online or by calling a Fidelity representative at 800-544-5372. To stay up-to-date on pricing, credit rating changes, and more, please sign up for Fidelity Alerts and see our Municipal Bond New Issue Offerings.
