Maine to bring $116.87 million of general obligation bonds Thursday

By Sheri Kasprzak

New York, May 27 - The State of Maine is scheduled to price $116.865 million of series 2011 general obligation bonds on Thursday, said a notice of sale.

The bonds (Aa2/AA) will be sold competitively with Public Financial Management, Inc. as the financial adviser.

The sale includes $40.565 million of series 2011A taxable bonds and $76.3 million of series 2011B tax-exempt bonds.

The 2011A bonds are due 2012 to 2014, and the 2011B bonds are due 2012 to 2021.

Proceeds will be used to repay at maturity on June 15, 2011 outstanding bond anticipation notes originally issued to fund capital expenditures for the state.

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