Maine to sell $58 million G.O. bonds Tuesday to repay existing BANs

By Sheri Kasprzak

New York, May 21 - The State of Maine is set to sell its previously announced $58 million in series 2010 general obligation bonds through Wells Fargo Securities LLC on Tuesday, according to a sales calendar.

The co-managers are Citigroup Global Markets Inc., Bank of America Merrill Lynch and J.P. Morgan Securities Inc.

The 2010A bonds are due 2011 to 2012, the 2010B bonds are due 2017 to 2020 and the 2010C bonds are due 2012 to 2016.

Proceeds will be used to pay off outstanding bond anticipation notes, which are due June 15, 2010.

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