Bear Stearns arb selling $100 mln of munis-traders

NEW YORK, March 14 (Reuters) - Bear Stearns' BSC.N arbitrage program was offering over $100 million of municipal bonds for sale on Friday, traders said.

The bid-wanted list included $21.5 million of Upper Occoquan, Virginia, bonds due in 2020 with a 5.15 percent coupon and $12.5 million of Illinois general obligation bonds due in 2016 with a 5.375 percent coupon, a trader in New York said.

The settlement date for the bonds was March 25. (Reporting by Anastasija Johnson; Editing by Tom Hals)