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Published on 10/17/2014 in the Prospect News Municipals Daily.

New Issue: Maine State Housing sells $55 million mortgage program bonds

By Sheri Kasprzak

New York, Oct. 17 – The Maine State Housing Authority priced $55 million of series 2014D taxable mortgage purchase bonds, according to an official statement.

The bonds (Aa1/VMIG1/AA+/A-1+/) were sold through RBC Capital Markets LLC.

The bonds are due Nov. 15, 2039 and initially bear interest at the weekly rate.

Proceeds will be used to refund existing mortgage purchase bonds.

Issuer:Maine State Housing Authority
Issue:Series 2014D taxable mortgage purchase bonds
Amount:$55 million
Maturity:Nov. 15, 2039
Coupon:Weekly
Price:100
Type:Negotiated
Underwriter:RBC Capital Markets LLC
Ratings:Moody’s: Aa1/VMIG1
Standard & Poor’s: AA+/A-1+
Pricing date:Oct. 17
Settlement date:Oct. 23

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