Connecticut Sale Includes $186M of Retail

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Connecticut's $743.4 million general obligation bond sale attracted $186 million in retail orders, according to state Treasurer Denise Nappier's office.

Citi priced Tuesday's deal, which featured $550 million in Series A new money bonds and the balance in Series B refunding. It followed Monday's retail order period.

The retail component was the most on any state GO sale in nearly three years, said Nappier's office.

The refunding portion generated $18.6 million in debt service refunding savings for the state budget over 12 years, according to Nappier's office.

Moody's Investors Service rates Connecticut GOs Aa3. S&P Global Ratings, Fitch Ratings and Kroll Bond Rating Agency rate them AA-minus.

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