Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Connecticut > News item |
Connecticut organizes $730 million transportation obligation bond deal
By Sheri Kasprzak
New York, Sept. 16 – The State of Connecticut is expected to price $730 million of series 2014 transportation infrastructure special tax obligation bonds, according to a preliminary official statement.
The deal includes $600 million of series 2014A special tax obligation bonds and $130 million of series 2014B special tax obligation refunding bonds.
The bonds will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager. The co-senior managers are BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC. The co-managers are Barclays, Cabrera Capital Markets LLC, CastleOak Securities LP, Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Roosevelt & Cross Inc., TD Securities (USA) LLC, The Williams Capital Group LP, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.
The 2014A bonds are due 2015 to 2034 and the 2014B bonds are due 2017 to 2025.
Proceeds will be used to finance the construction, reconstruction, improvement and repair of state highways and other transportation projects, as well as to refund existing transportation bonds.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.