Connecticut sold about $1.44 billion in general obligation bonds, including $1.1 billion to finance capital projects, state Treasurer Erick Russell announced Oct. 9.
The sale combines $300 million in taxable new-money bonds and $800 million in tax-exempt new-money bonds with two refinancing issues totaling $343.1 million. General obligation bonds are backed by the state's full faith and credit.
The treasury reported $19.8 million in refinancing savings over nine years. New borrowing will support $379.7 million in school construction, $153.6 million in affordable housing and other capital and grant programs.
The first three bond series are scheduled for delivery Oct. 28. A $134.1 million forward-refunding series is scheduled to close Jan. 20, 2027.