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Day Pitney Advises on $550 Million in Bond Sales for State of Connecticut

Publisher: Day Pitney Press Release
March 23, 2016

Hartford, CT, March 23, 2016 - Day Pitney LLP represented the State of Connecticut as disclosure counsel in a general obligation bond sale of $550 million.

The sale drew interest from both individual and institutional investors alike, and resulted in a low overall interest rate of 3.07 percent, the lowest cost of funds on any comparable state obligation bond issue in the last 15 months. As lead bond counsel, the firm led and coordinated the issuance of the bonds with six bond counsel firms, separate tax counsel, underwriters’ counsel and co-disclosure counsel.  The bonds are scheduled to be delivered on March 30, 2016. 

Finance partner Namita Tripathi Shah led the Day Pitney team on these transactions, which also included Judith Blank, Glenn Rybacki, Susan Albert, Teri McGehan and Karen Ashe.

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Hartford, Conn., May 26, 2016 - Day Pitney LLP represented the State of Connecticut as lead bond counsel and disclosure counsel in a general obligation refunding bond sale of $501.4 million. The sale resulted in saving of $75.5 million in debt service costs over the life of the refinanced bonds.  The Nappier administration has an active debt refunding program which has saved taxpayers $1.1 billion to date.
Related Professionals
Namita Shah
Namita Tripathi Shah
Hartford, CT
T: (860) 275 0132
New Jersey Hartford Stamford Greenwich New Haven West Hartford Boston
New York Washington, DC Providence Boca Raton Miami West Palm Beach

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