The State of Connecticut ("the State") is expected to come to market with $600 million1 in General Obligation Bonds and $250 million1 Taxable General Obligation Bonds (collectively, the "Bonds").
The proceeds of both the $600 million1 of General Obligation Bonds and the $250 million1 of Taxable General Obligation Bonds will be used for various projects and purposes and are authorized by the bond acts as listed in the Preliminary Official Statement.
The Bonds are 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.
The Tax-Exempt Bonds are subject to optional redemption prior to maturity. The Taxable Bonds are not subject to redemption prior to maturity. Please see further details as described in the Preliminary Official Statement. The bonds are expected to be rated "A1" by Moody's, and "A" by S&P.2
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, the tax-exempt portion of the issuance have federal and state tax-exemption on the bond coupon payments.
How to place an order
The offer is expected to price the week of March 25, 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.