By Sheri Kasprzak
New York, Nov. 30 - The Maine Municipal Bond Bank sold $55 million of series 2011A transportation infrastructure revenue bonds on Wednesday, according to a pricing sheet.
The bonds (AA/AA) were sold competitively. Calls to the issuer seeking the winning bidder were not immediately returned by press time Wednesday evening.
The bonds are due 2012 to 2026 with 2% to 5% coupons.
Proceeds will be used to improve or remove certain bridges and other transportation infrastructure within the state.
| Issuer: | Maine Municipal Bond Bank
|
| Issue: | Series 2011A transportation infrastructure revenue bonds
|
| Amount: | $55 million
|
| Type: | Competitive
|
| Ratings: | Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 14
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $920,000 | 2012 | Serial | 2% | 101.247
|
| $950,000 | 2013 | Serial | 4% | 106.018
|
| $995,000 | 2014 | Serial | 4% | 108.742
|
| $1.035 million | 2015 | Serial | 5% | 114.427
|
| $1.09 million | 2016 | Serial | 5% | 116.962
|
| $1.145 million | 2017 | Serial | 5% | 119.215
|
| $1.205 million | 2018 | Serial | 5% | 120.711
|
| $1.265 million | 2019 | Serial | 5% | 121.343
|
| $1.33 million | 2020 | Serial | 5% | 121.646
|
| $1.4 million | 2021 | Serial | 5% | 122.211
|
| $1.475 million | 2022 | Serial | 5% | 122.417
|
| $1.545 million | 2023 | Serial | 5% | 122.173
|
| $1.63 million | 2024 | Serial | 5% | 121.716
|
| $19.095 million | 2025 | Serial | 5% | 121.215
|
| $19.92 million | 2026 | Serial | 3.5% | 98.996
|
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