Maine schedules $109.77 million competitive G.O. bond sale for June 9

By Sheri Kasprzak

New York, June 2 – The State of Maine is slated to price $109,765,000 of series 2015 general obligation bonds on June 9, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold competitively with First Southwest Co. LLC as the financial adviser.

The offering includes $20,315,000 of series 2015A taxable bonds and $89.45 million of series 2015B tax-exempt bonds.

The 2015A bonds are due 2016 to 2017. The 2015B bonds are due 2017 to 2025.

Proceeds will be used to pay at maturity bond anticipation notes due June 30, 2015.

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