Connecticut plans $500 million sale of general obligation bonds

By Sheri Kasprzak

New York, July 18 – The State of Connecticut is scheduled to price $500 million of series 2016 general obligation bonds on Aug. 3, according to a preliminary official statement.

The offering includes $250 million of series 2016D bonds and $250 million of series 2016A taxable G.O. bonds.

The bonds will be sold competitively with Acacia Financial Group Inc. as the financial adviser.

The 2016D bonds are due 2017 to 2036, and the 2016A bonds are due 2017 to 2026.

Proceeds will be used to finance statewide capital projects.

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