Maine sells $58 M in bonds

0

AUGUSTA, Maine (AP) — Maine has sold $58.2 million in bonds at what state Treasurer David Lemoine says is a remarkably low interest rate of 2.2 percent interest.

Lemoine said Tuesday that the bonds sold this week will be paid over the next 10 years.

The bond sale included taxable, tax-exempt and new Build America taxable bonds. Lemoine said Maine’s good name, the limited supply of Maine bonds and other factors drove the cost of borrowing down.

Advertisement