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Treasurer Reports High Demand for UConn Bonds

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Cash. Photo by WTIC's Matt Dwyer.

Cash. Photo by WTIC’s Matt Dwyer.

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HARTFORD, Conn. (AP) _ Connecticut State Treasurer Denise Nappier says there’s a strong interest among individual investors in UConn bonds.

On Friday, July 12, and on Monday, a total of $123.5 million in retail orders had been place. That’s more than 54 percent of the $228 million worth of bonds available for the UConn 2000 infrastructure improvement program.

Beginning Tuesday, the remaining $104.5 million in bonds will be available to institutional investors. The bond closing is scheduled for July 31.

Nappier said the strong interest from individual investors outpaced the previous sale of UConn 2000 bonds back in 2011, when orders from individual investors totaled $111 million over two days, or about 52 percent of the bonds.

UConn 2000 is a $4.6 billion, 29-year program to improve the university’s campuses.

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