Maine Municipal Bond Bank eyes Oct. 6 week for $112 million bond sale

By Cristal Cody

Tupelo, Miss., Sept. 30 - The Maine Municipal Bond Bank tentatively plans to price $112.125 million revenue bonds on Oct. 7, the issuer said Tuesday.

The series 2008C bonds also will be sold through retail orders starting on Friday or Monday, depending on the market, said Robert Lenna, executive director.

The bonds have serial maturities from 2009 through 2029 with terms due 2038.

Wachovia Bank, NA is the senior manager of the negotiated sale, and Citigroup Global Markets is the co-manager.

Proceeds will be used to purchase $99.39 million of municipal bonds from 18 cities, towns, school districts and other local government units in Maine.

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