Connecticut to bring $420 million refunding bonds Wednesday

By Sheri Kasprzak

New York, Jan. 16 - The state of Connecticut plans to price its previously announced $420 million in series 2009-1 second-lien special tax obligation refunding bonds Wednesday, according to a calendar of upcoming deals.

The bonds will be sold on a negotiated basis with Goldman, Sachs & Co. and Banc of America Securities LLC as the lead managers.

The co-managers are Citigroup Global Markets Inc., Siebert Brandford Shank & Co., Barclays Capital Inc., Belle Haven Investments, Cabrera Capital Markets LLC, Estrada Hinojosa & Co., Loop Capital Markets LLC, Merrill Lynch & Co., Morgan Stanley & Co. Inc., Ramirez & Co., Raymond James & Associates Inc., Rice Financial Products Inc., Roosevelt & Cross and Sterne, Agee & Leach Inc.

The bonds are due 2010 to 2022.

Proceeds will go toward transportation infrastructure costs.

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