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Connecticut State University System Issue, Series P

Borrower: 
Connecticut State University System
Par Amount: 
$74,560,000
Purpose: 

Bond proceeds provided for the refunding of the System's 2005 Series G and partial refunding of Series H bond issues, and to fund a variety of capital projects at the four System Universities, including renovating an academic center to a residence hall at Eastern Connecticut State University.  The competitive bid bonds achieved over $1.7 million in net present value savings, or 2.85%.

Underwriter/Placement Agent: 
Citigroup
Closing Date: 
September 13, 2016
Final Maturity: 
November 1, 2036
Yield: 
Series P-1: 2.64%; Series P-2: 2.30%

For further information, search EMMA for this issue.