The Maine Municipal Bond Bank, founded in 1970 and located in Augusta, Maine, serves to support the financing needs of municipalities within the state. It provides a range of services, including the issuance of municipal bonds to fund essential public projects that enhance community infrastructure and services.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MEMBBK 4.97% 2030-11-01 USDMaine Municipal Bond Bank | United States | 2030-11-01 | 4.974 | 4.39 |
| MEMBBK 5.69% 2025-11-01 USDMaine Municipal Bond Bank | United States | 2025-11-01 | 5.692 | 5.61 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Bond Bank has a long history of issuing bonds, with its inaugural bond issuance occurring in 1971, which raised funds for various municipal projects. Recent notable issuances include a 2021 bond sale that successfully raised $30 million for wastewater treatment facilities, reflecting a trend of prioritizing environmental projects. Current bond yields are competitive compared to similar municipal offerings, and the Bank has received favorable ratings due to its solid financial management and strong support from the state.