Connecticut this week will issue $353 million of general obligation bonds, including $337.6 million of SIFMA index bonds, to retire bond anticipation notes that are coming due.

This is the state’s first SIFMA bond sale in which the state sells variable-rate bonds at a spread to the Securities Industry and Financial Markets Association index rate to be determined at pricing. It previously sold bonds based off of the London Interbank Offered Rate.

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