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.
Copy the Story LinkSend questions/comments to the editors.
Related Stories
Latest Articles
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.