Connecticut coordinates $550 million offering of G.O. bonds

By Sheri Kasprzak

New York, March 10 – The State of Connecticut is set to price $550 million of series 2016A general obligation bonds, according to a preliminary official statement.

The bonds (Aa3/AA/AA) will be sold on a negotiated basis with Ramirez & Co. Inc. as the senior manager. The co-managers are Citigroup Global Markets Inc., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, William Blair & Co. Inc., Baird & Co., Barclays, Blaylock Beal Van LLC, Cabrera Capital Markets Inc., Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., Goldman Sachs & Co., KeyBanc Capital Markets LLC, Prager & Co. Inc., RBC Capital Markets LLC, Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC.

The bonds are due 2017 to 2036.

Proceeds will be used to finance capital expenditures for the state.

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