Alaska plans to sell $200 million general obligation bonds

By Sheri Kasprzak

New York, Nov. 29 - The State of Alaska is expected to sell $200 million of series 2010 general obligation bonds, according to a preliminary official statement.

The sale includes $137.415 million of series 2010A Build America Bonds, $45 million of series 2010B qualified school construction bonds and $17.585 million of series 2010C tax-exempt bonds.

The 2010A bonds are due 2012 with a term bond due 2033. The 2010B bonds are due 2029, and the 2010C bonds are due 2011.

The senior managers for the bonds (Aaa/AA+/AA+) are Citigroup Global Markets Inc. and RBC Capital Markets Corp. The co-managers are J.P. Morgan Securities LLC and Bank of America Merrill Lynch.

Proceeds will be used to design and construct library, educational and educational research facilities throughout the state.

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