Connecticut to sell $310 million revolving fund general revenue bonds

By Sheri Kasprzak

New York, June 8 - The state of Connecticut is expected to sell $310 million in series 2009 state revolving fund general revenue bonds, according to a preliminary official statement.

The sale includes $210 million in series 2009A general revenue bonds and $100 million in series 2009B refunding general revenue bonds.

The bonds will be sold on a negotiated basis with Ramirez & Co. Inc. as the lead manager. The co-managers include M.R. Beal & Co.; Goldman, Sachs & Co.; Jackson Securities Inc.; Barclays Capital Inc.; Belle Haven Investments LP; Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; Loop Capital Markets LLC; Merrill Lynch & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets Inc.; Siebert Brandford Shank & Co. LLC; Wachovia Bank; and William Blair & Co. Inc.

The 2009A bonds are due 2010 to 2027 and the 2009B bonds are due 2010 to 2021.

Proceeds will be used to pay for water and wastewater projects, as well as to refund the state's series 1999 bonds.

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