Bond Connecticu 5% ( US207758ZU00 ) in USD

Issuer	Connecticu
Market price	100 % ▲
Country	United States
ISIN code	US207758ZU00 ( in USD )
Interest rate	5% per year ( payment 2 times a year)
Maturity	01/05/2032
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	/
Total amount	45 260 000 USD
Cusip	207758ZU0
Next Coupon	01/11/2025 ( In 101 days )
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. A fixed-income instrument issued by the State of Connecticut, identified by ISIN US207758ZU00 and CUSIP 207758ZU0, is currently trading at par, reflecting a market price of 100% of its face value. This specific bond, denominated in United States Dollars (USD), offers investors an annual interest rate of 5%, with coupon payments disbursed semi-annually, aligning with common practice for governmental securities. The total issuance size for this particular security stands at $45,260,000, and it is set to reach its maturity on May 1, 2032. As a constituent state of the United States, Connecticut acts as the sovereign issuer of this debt, leveraging its governmental authority and diverse tax base to back its financial obligations. The State of Connecticut, an established entity within the U.S. municipal bond market, is renowned for its significant contributions to the finance and insurance sectors and its strategic economic position in the northeastern U.S., relying on such bond issuances to fund various public initiatives and infrastructure projects while offering investors exposure to a state-level credit risk profile.