Maine Turnpike Authority plans to price $64.3 million refunding bonds

By Cristal Cody

Springdale, Ark., April 24 - The Maine Turnpike Authority intends to price $64.3 million refunding bonds, according to a preliminary official statement released Thursday.

The sale includes $45.92 million series 2008 turnpike revenue refunding bonds and $18.38 million series 2008 special obligation refunding bonds.

UBS Investment Bank is the senior manager of the negotiated sales. Co-managers are Banc of America Securities LLC, KeyBanc Capital Markets, Merrill Lynch & Co. and Southwest Securities.

Proceeds will be used to refund and redeem the authority's $47.97 million series 1998 refunding revenue bonds and the $20.535 million series 1998 special obligation refunding bonds.

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