Connecticut General Obligation Bonds

We are pleased to offer Fidelity investors the opportunity to participate in the State of Connecticut's upcoming $897 million offering.1

The State of Connecticut (the "State") is expected to come to market with $700 million in General Obligation Bonds ("2020 Series A Bonds") and $197 million in General Obligation Bonds ("2020 Series B Bonds")

The proceeds of the 2020 Series A Bonds are expected to be used for various projects and purposes of the State. The proceeds of the 2020 Series B Bonds are expected to be used to refund some or all of the following maturities and principal amounts of outstanding general obligation bonds of the State on the redemption dates and at the redemption prices as set forth in the Preliminary Official Statement.

The Bonds will be general obligations of the State of Connecticut and the full faith and credit of the State will be pledged for the payment of the principal of and interest on the Bonds as the same become due.

Some of the 2020 Series A Bonds are subject to optional redemption prior to maturity as described in the Preliminary Official Statement. The Series B Bonds are not subject to redemption prior to maturity.

The bonds are expected to be rated A1 by Moody's and A by S&P.2

Key benefits

The bond sale offers attractive benefits to individual investors including prices and yield that match those available to institutional investors and the potential for stable income through the call dates. And, for Connecticut residents, federal and state tax-exemption on the 2020 Series A and 2020 Series B bond coupon payments.

How to place an order

The offer is expected to price the week of December 9, 20191, either 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 AlertsLog In Required or visit our Municipal Bond New Issue offerings page.

Additional resources

Municipal Bonds
Review the risks and benefits of investing in municipal bonds.

Municipal Bonds: Understanding Credit Risk (PDF)
Learn more about assessing credit risks when purchasing municipal bonds in this SEC investor bulletin.

Investing in a volatile bond market
Get the latest insights on the bond market, outlook for future rates, and investment strategies from Fidelity Viewpoints®.

MSRB—Risks and opportunities of interest rate movements (PDF)
Read about the impact of market interest rate movement on municipal bond prices and yields from the MSRB Education Center.