Maine State Housing to price $173 million mortgage purchase bonds

By Sheri Kasprzak

New York, Nov. 30 - The Maine State Housing Authority is expected to price $173 million in series 2009 mortgage purchase bonds, according to a preliminary official statement.

The offering includes $28 million in series 2009D non-AMT bonds, $42 million in series 2009E non-AMT bonds and $103 million in series 2009F taxable bonds.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. as the lead managers.

The co-managers include Merrill Lynch & Co., Morgan Stanley & Co. and RBC Capital Markets Corp.

The 2009D bonds are due 2011 to 2019 with term bonds due 2026 and 2029. The 2009E bonds are due 2041, and the 2009F bonds are due 2041.

Proceeds will be used to fund mortgage loans.

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