Connecticut this week kicks off institutional pricing for its long-awaited $2 billion taxable general obligation pension deal - the largest bond issuance the state has ever conducted.

"We've been planning this issue for the last couple of years," state Treasurer Denise L. Nappier said in an interview last week in New York City. "A combination of good planning and a little bit of luck says that we should go now. We're in a current low-interest rate environment for taxable issues."

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