Maine State Housing prepares $67.33 million offering of mortgage bonds

By Sheri Kasprzak

New York, Aug. 18 – The Maine State Housing Authority plans to price $67.33 million of series 2014 mortgage purchase bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and BofA Merrill Lynch as the senior managers. The co-managers are J.P. Morgan Securities LLC, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and RBC Capital Markets LLC.

The deal includes $42.33 million of series 2014C-1 AMT bonds and $25 million of series 2014C-2 non-AMT bonds.

The 2014C-1 bonds are due 2015 to 2024 with term bonds due in 2029, 2034 and 2044. The 2014C-2 bonds are due Nov. 15, 2034.

Proceeds will be used to purchase interest-bearing mortgage loans.

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