Antonio Cordero Gomez, chief financial officer of Instituto de Crédito Oficial, spoke to GlobalCapital about the need for continued innovation in the world of ESG labelled bonds, and about Ico’s role in fighting the economic consequences of coronavirus.
Reply
May 6, 2021
Connecticut State Treasurer Shawn T. Wooden transmitted the monthly Cash and Bonding Report for the month of March 2021 with updates as of May 1st to the Governor and General Assembly. The Report highlights Connecticut s continued strong cash position during the pandemic and summarizes planned bond issuances for the remainder of Fiscal Year 2021. Additionally, the Treasurer shares his perspective on the capital markets.
Cash Position
Subscribe
As of May 1, 2021, the State s overall available cash is $6.3 billion with the common cash pool at $5.6 billion. As a result of Connecticut s recent credit rating upgrade on March 31, the first in over 20 years, our bonds are generating greater demand, allowing CT to borrow at even more attractive interest rates, said State Treasurer Shawn Wooden. On April 23, the State s $1 billion of Special Tax Obligation (STO), Transportation Infrastructure bond sale achieved an all-time record low borrowing cost, and saving taxp