Maine Municipal Bond Bank coordinates $68.22 million offering of bonds

By Sheri Kasprzak

New York, April 21 – The Maine Municipal Bond Bank is set to price $68,215,000 of series 2015 bonds, according to a preliminary official statement.

The deal includes $41.59 million of series 2015A bonds and $26,625,000 of series 2015B refunding bonds.

The bonds (Aa2/AA+/) will be sold on a negotiated basis with Wells Fargo Securities LLC and BofA Merrill Lynch as the senior managers.

The 2015A bonds are due 2016 to 2035 with a term bond due in 2040.

The 2015B bonds are due 2017 to 2034 with a term bond due in 2038.

Proceeds will be used to finance capital expenditures and to refund the bank’s series 2006A, 2006C, 2007B, 2007E and 2008B bonds.

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