Maine scheduled to price $130.82 million in general obligation bonds

By Sheri Kasprzak

New York, May 22 - The state of Maine is set to price $130.815 million in series 2009 general obligation bonds, according to a preliminary official statement.

The bonds (Aa3/AA/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Wachovia Bank as the lead managers. The co-managers are Merrill Lynch & Co. Inc., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc.

The bonds are due 2010 to 2019.

Proceeds will be used to pay for general expenses.

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