New Issue: University of Maine prices $65.26 million revenue bonds

By Sheri Kasprzak

New York, April 25 - The University of Maine System sold $65,255,000 of series 2013 refunding revenue bonds, according to a pricing sheet.

The bonds (/AA-/) were sold competitively. The issuer did not immediately respond to requests for the winning bidder.

The bonds are due 2014 to 2033 with a term bond due in 2035. The serial coupons range from 2% to 5%. The 2035 bonds have a 3.5% coupon priced at 98.495.

Proceeds will be used to refund the university's series 2000A, 2003, 2004 and 2005 revenue bonds.

Issuer:	University of Maine System
Issue:	Series 2013 refunding revenue bonds
Amount:	$65,255,000
Type:	Competitive
Rating:	Standard & Poor's: AA-
Pricing date:	April 25
Settlement date:	May 23
Amount	Maturity	Type	Coupon	Price
$1,275,000	2014	Serial	2%	101.325
$1.37 million	2015	Serial	4%	106.387
$2,915,000	2016	Serial	5%	112.284
$2,985,000	2017	Serial	5%	115.939
$3.12 million	2018	Serial	5%	118.902
$3,245,000	2019	Serial	5%	121.44
$3.39 million	2020	Serial	5%	123.325
$2,785,000	2021	Serial	5%	124.67
$2.92 million	2022	Serial	5%	125.857
$3.06 million	2023	Serial	5%	126.709
$3.22 million	2024	Serial	5%	125.296
$3,375,000	2025	Serial	5%	123.901
$3,555,000	2026	Serial	5%	122.524
$3,735,000	2027	Serial	5%	121.262
$3.91 million	2028	Serial	3.125%	99.119
$4,425,000	2029	Serial	4%	108.412
$3.73 million	2030	Serial	4%	107.884
$2,395,000	2031	Serial	4%	107.446
$2.49 million	2032	Serial	4%	107.011
$2.36 million	2033	Serial	4%	106.577
$4,995,000	2035	Term	3.5%	98.495

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