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Maine Municipal Bond Bank arranges $220.37 million revenue bond deal
By Sheri Kasprzak
New York, Aug. 21 - The Maine Municipal Bond Bank plans to price $220.37 million of series 2013 taxable liquor operation revenue bonds, according to a preliminary official statement.
The bonds (A1/A+/) will be sold through senior managers Wells Fargo Securities LLC and BofA Merrill Lynch. The co-managers are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Raymond James/Morgan Keegan.
The bonds are due 2015 to 2024.
Proceeds will be used to make payments to Maine health care providers under the MaineCare program.
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