Connecticut added $327.4 million to its outstanding bond debt, but a low interest rate and other favorable terms will save taxpayers millions, the state treasurer says.
The 2.25 percent bonds offered in a sale that closes Dec. 21 will save taxpayers $29.3 million in debt service over eight fiscal years, Treasurer Denise L. Nappier said Thursday.
The bonds were sold by an underwriting syndicate led by William Blair.
Law firms Day Pitney LLP and Soeder & Associates LLC are disclosure counsel with Robinson & Cole LLP and Soeder & Associates are tax counsel.
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Acacia Financial Group, Inc. and PFM are financial advisors.
