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Dec. 12, 2020
Today, Connecticut State Treasurer Shawn T. Wooden announced the results of this week s University of Connecticut bond sale. The $279 million UConn 2000 Program bond sale attracted record investor demand, set a new record low overall interest costs of 2.19%, and will save taxpayers $29 million by refinancing existing bonds. Total orders received during the retail order period were $455 million, the highest level of retail orders on any UConn 2000 Program bond issuance in its 24-year history.
Subscribe On the heels of four major credit rating agencies affirming Connecticut s general obligation ratings and stable outlooks, the UConn bond sale s record-setting bond sale builds on that positive momentum, said State Treasurer Shawn Wooden. The increasing attractiveness of Connecticut bonds is further proof of our fiscal stability in the eyes of investors. At a time when our State is confronting the ongoing public health crisis and responsibly tackling longstandi