Individual investors purchased 54 percent of the bonds available during the $228 million University of Connecticut UConn 2000 bond sale to enhance the university’s campuses.
Over the two day sale ending July 15, investors bought $123.5 million worth of bonds. In the last UConn bond sale in 2011, investors bought 52 percent, or $111 million, of the total available.
“We are delighted to see consistent public demand for Connecticut bonds as worthy investments,” said Denise L. Nappier, state treasurer, in a press release. “By giving individual investors priority during the retail order period, we provide them a compelling opportunity to generate tax-exempt investment income. And it”™s a win-win: the state benefits as well from this low-cost source of financing for infrastructure improvements at UConn.”
The bond sale will help fund the $4.6 billion, 29-year program to renew and enhance the university’s campuses and the new Next Generation initiative to bolster the state’s number of graduates in science, technology, engineering and math.
The bond sale for institutional investors  for the remaining $104.5 million in bonds starts July 16 and will continue until July 31.
