Bond Connecticu 5% ( US207758TS28 ) in USD

Issuer	Connecticu
Market price	100 % ▲
Country	United States
ISIN code	US207758TS28 ( in USD )
Interest rate	5% per year ( payment 2 times a year)
Maturity	01/08/2020 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	/
Total amount	25 495 000 USD
Cusip	207758TS2
Detailed description	Connecticut is a New England state known for its diverse coastline, historic cities like Hartford and New Haven, and a strong economy driven by insurance, finance, and higher education. This financial article provides an analytical review of a specific bond issuance by the State of Connecticut, identified by ISIN US207758TS28 and CUSIP 207758TS2. As a fixed-income instrument, this bond was issued by Connecticut, a state located in the Northeastern United States, acting as a sub-sovereign entity within the U.S. financial landscape. The State of Connecticut is recognized for its stable governance and fiscal management, making it a regular and reliable participant in the municipal bond market to finance public projects and operations crucial for its infrastructure and services. Issued in United States Dollars (USD), this particular bond carried an annual interest rate of 5%, with interest payments disbursed semi-annually, a common practice for many fixed-income securities to provide regular income streams to investors. The total original issue size for this series amounted to $25,495,000. It is important to note that this bond reached its scheduled maturity date on August 1, 2020. Upon maturity, the bond was successfully redeemed at its par value of 100%, indicating that principal repayment was made in full to all bondholders, thereby concluding the lifecycle of this specific debt instrument. This successful redemption underscores the issuer's fulfillment of its financial obligations, reinforcing investor confidence in similar future issuances by the State.