Published on 1/19/2012 in the Prospect News Municipals Daily.
New Issue: Alaska brings $175.56 million of G.O. refunding bonds
By Sheri Kasprzak
New York, Jan. 19 - The State of Alaska sold $175.56 million of series 2012A general obligation refunding bonds, according to a pricing sheet.
The bonds (Aaa/AA+/AAA) were sold through Goldman, Sachs & Co. The co-managers were Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.
The bonds are due 2013 to 2023 with 2% to 5% coupons.
Proceeds will be used to refund a portion of the state's series 2003A general obligation bonds.
Issuer: | State of Alaska
|
Issue: | Series 2012A general obligation refunding bonds
|
Amount: | $175.56 million
|
Type: | Negotiated
|
Underwriters: | Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers)
|
Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
| Fitch: AAA
|
Pricing date: | Jan. 19
|
Settlement date: | Feb. 8
|
|
Amount | Maturity | Type | Coupon | Price
|
$1.99 million | 2013 | Serial | 2% | 102.569
|
$11.21 million | 2014 | Serial | 3% | 106.283
|
$11,205,000 | 2014 | Serial | 4% | 108.747
|
$11,505,000 | 2015 | Serial | 3% | 108.11
|
$11.55 million | 2015 | Serial | 4% | 111.546
|
$6,755,000 | 2016 | Serial | 4% | 114.34
|
$17,135,000 | 2016 | Serial | 5% | 118.739
|
$12.42 million | 2017 | Serial | 4% | 116.599
|
$12.48 million | 2017 | Serial | 5% | 121.936
|
$12,955,000 | 2018 | Serial | 4% | 118.159
|
$12.98 million | 2018 | Serial | 5% | 124.4
|
$2.03 million | 2019 | Serial | 3% | 112.46
|
$5.95 million | 2019 | Serial | 4% | 119.58
|
$7.75 million | 2019 | Serial | 5% | 126.7
|
$8.16 million | 2020 | Serial | 4% | 120.367
|
$8,285,000 | 2020 | Serial | 5% | 128.324
|
$6.72 million | 2021 | Serial | 4% | 120.838
|
$7,065,000 | 2022 | Serial | 4% | 121.139
|
$2,665,000 | 2023 | Serial | 3% | 109.412
|
$4.75 million | 2023 | Serial | 4% | 120.424
|
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