Featured Municipal Bond in the Market, Week of 08/01/2016: State of Connecticut
This week’s featured bond comes from the state of Connecticut. The Constitution State is scheduled to issue $500 million in general obligation bonds the week of August 01, 2016. These bonds are broken up into two series: 2016 Series A are $250 million in tax-exempt general obligation bonds; 2016 Series D are $250 million in taxable general obligation bonds, both backed by the full faith and credit of the State of Connecticut. More details on purposes, security, and other matters can the found in the official statement, provided by MuniOS. Connecticut currently has an unemployment rate of 5.9% as of June 2016, up from 5.4% in May. Connecticut’s unemployment rate is 1.0% higher than the national rate of 4.9%.
Provided at left is a quick snapshot of financial characteristics of the State of Connecticut, along with the state medians, courtesy of Merritt Research Services, LLC. Merritt has many of the sector medians publicly available and regularly updated on their Benchmark Central page. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness). In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database. These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.