The Maine Municipal Bond Bank has scheduled a bond sale for the week of April 25, its board confirmed Thursday.
The issue will include new-money and refunding bonds, and possibly some qualified school construction bonds, according to executive director Robert Lenna, who said the amount for each is not yet set, as the application deadline for the new-money portion and QSCBs is Feb. 1.
The board also authorized the bank to proceed with another refunding under its sewer and water indenture that it uses in conjunction with the state revolving loan funds for clean water and drinking water.
Lenna expects that deal to be $18 million, with an estimated present-value savings just under 6% in today's market. It will be sold before the April spring general resolution sale, he added.
Lenna also confirmed that he will resign his position effective June 30. A search committee of board members from the bond bank and the Maine Health and Higher Educational Facilities Authority will undertake a national search for his successor.
