Maine State Housing preps $55 million sale of mortgage purchase bonds

By Sheri Kasprzak

New York, Oct. 15 – The Maine State Housing Authority is expected to price $55 million of series 2015F mortgage purchase bonds, according to a preliminary official statement.

The offering includes $8.8 million of series 2015F-1 AMT bonds, $2.45 million of series 2015F-2 non-AMT bonds and $43.75 million of series 2015F-3 non-AMT bonds.

The bonds will be sold through senior managers BofA Merrill Lynch and Citigroup Global Markets Inc. The co-managers are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and RBC Capital Markets LLC.

The 2015F-1 bonds are due 2018 to 2021 and the 2015F-2 bonds are due 2022 to 2026. The 2015F-3 bonds are due 2016 to 2017 with term bonds due in 2030, 2035 and 2040.

Proceeds will be used to finance mortgage loans and refund existing debt.

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