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Published on 6/30/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Maine Turnpike to redeem $110.52 million 2000 turnpike revenue bonds

By Marisa Wong

Milwaukee, June 30 - The Maine Turnpike Authority said it will redeem its $110.515 million of outstanding series 2000 turnpike revenue bonds.

The bonds will be redeemed on July 1 at 101 plus accrued interest up to the redemption date.

To be redeemed are the following bonds:

• $2.535 million of 5.75% bonds due July 1, 2012;

• $3.280 million of 5.875% bonds due July 1, 2013;

• $250,000 of 5.4% bonds due July 1, 2013;

• $3.805 million of 5.5% bonds due July 1, 2014;

• $4.01 million of 5.875% bonds due July 1, 2015;

• $4.245 million of 5.6% bonds due July 1, 2016;

• $4.485 million of 5.625% bonds due July 1, 2017;

• $4.735 million of 5.625% bonds due July 1, 2018;

• $5.005 million of 5.75% bonds due July 1, 2019;

• $5.29 million of 5.75% bonds due July 1, 2020;

• $54.89 million of 5.75% bonds due July 1, 2028; and

• $17.985 million of 5.5% bonds due July 1, 2030.

Bangor Savings Bank is the trustee.


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