Maine State Housing offers $138.19 million of mortgage purchase bonds

By Sheri Kasprzak

New York, July 30 – The Maine State Housing Authority is set to price $138.19 million of series 2015E mortgage purchase bonds, according to a preliminary official statement.

The deal includes $83.19 million of series 2015E-1 AMT bonds, $25 million of series 2015E-2 non-AMT bonds and $30 million of series 2015E-3 AMT weekly rate bonds.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and BofA Merrill Lynch as the senior managers for the 2015E-1 and 2015E-2 bonds and Citigroup as the sole underwriter for the 2015E-3 bonds. The co-managers for the 2015E-1 and 2015E-2 bonds are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and RBC Capital Markets LLC.

The 2015E-1 bonds are due 2016 to 2026 with term bonds due in 2030 and 2035. The 2015E-2 bonds are due in 2040 and 2045. The 2015E-3 bonds are due in 2038.

Proceeds will be used to finance mortgage loans.

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