Connecticut is in the market this week with $600 million of tax-exempt general obligation notes to finance the state’s fiscal 2009 budget deficit. Institutional sales begin tomorrow and follow a two day retail order period that began on Friday.
Citi is lead managing the issue. Day Pitney LLP is bond counsel. P.G. Corbin & Co. and Acacia Financial Group Inc. are financial advisers on the deal. The notes that carry maturities from 2012 to 2016 and are subject to early redemption.