Connecticut to Test New Security Format in Upcoming Sale

Piazza, Johanna
May 2003
Bond Buyer;5/29/2003, Vol. 344 Issue 31645, p3
Trade Publication
Connecticut's state revolving fund would test a new security structure in June 2003 as it issues 345.5 million dollars of general resolution revenue bonds, most of which is refunding. The sale, expected on June 9, will be issued in three series. Series 2003A will consist of 126.1 million dollar to be used for various new clean water and drinking water projects. The Series 2003B and 2003C refunding bonds will release up to 250 million dollars from the senior-lien bond resolution to be secured under the new general bond resolution. Standard ∓ Poor's Corp. rates the Connecticut Clean Water Fund AAA, the same rating it assigned to the credit before the adoption of the new bond resolution.


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