Maine Municipal Bond Bank plans $78.91 million offering of bonds

By Sheri Kasprzak

New York, April 14 - The Maine Municipal Bond Bank is expected to sell $78.91 million of series 2011C bonds, according to a preliminary official statement.

The bonds will be sold through senior managers Wells Fargo Securities LLC and Morgan Keegan & Co. Inc. The co-managers are Edward Jones & Co., Fidelity Capital Markets LLC and First Southwest Co.

The bonds are due 2012 to 2031 with a term bond due in 2041.

Proceeds will be used to make loans to governmental units.

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