Maine State Housing to price $100 million mortgage purchase bonds

By Sheri Kasprzak

New York, Nov. 20 - The Maine State Housing Authority is gearing up to price $100 million in series 2008I mortgage purchase bonds, according to a preliminary official statement.

The bonds will be sold through lead manager J.P. Morgan Securities Inc.

The bonds, which are due Nov. 15, 2034, will initially bear interest at the term rate.

Proceeds will be used to purchase mortgage loans.

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