Portland, Maine, to sell $70.12 million general airport revenue bonds

By Sheri Kasprzak

New York, April 15 - The City of Portland in Maine is expected to bring to market $70.12 million in series 2010 general airport revenue bonds, said a preliminary official statement.

The bonds (A3/BBB+/) will be sold on a negotiated basis with J.P. Morgan Securities Inc. and Morgan Keegan & Co. Inc. as the senior managers.

The bonds are due 2012 to 2030 with term bonds, the maturities of which have not been set.

Proceeds will be used to construction, expand, renovate and improve the city's Jetport terminal.

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