Maine Municipal Bond Bank to sell $105 million revenue bonds in July

By Sheri Kasprzak

New York, June 26 - Maine Municipal Bond Bank plans to price $105 million in series 2009A transportation infrastructure revenue bonds, according to a preliminary official statement. Pricing is expected in July.

The bonds (/AA/AA-) will be sold through lead managers Citigroup Global Markets Inc. and Wachovia Bank.

The bonds are due 2010 to 2023.

Proceeds will be used to replace, renovate, improve and construct bridges throughout the state. The remainder will be used to refund the bond bank's series 2008A bonds.

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