By Sheri Kasprzak
New York, March 12 - The State of Alaska priced $170 million of series 2014 general obligation bond anticipation notes, according to a pricing sheet.
The notes (MIG1/SP-1+/F1+) were sold competitively with J.P. Morgan Securities LLC winning the bid at a 0.1015% net interest cost.
The notes are due March 23, 2015 and have a 1% coupon priced at 100.906.
Proceeds will be used to finance the design and construction of state highway projects.
| Issuer: | State of Alaska
|
| Issue: | Series 2014 general obligation bond anticipation notes
|
| Amount: | $170 million
|
| Maturity: | March 23, 2015
|
| Coupon: | 1%
|
| Price: | 100.906
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| Net interest cost: | 0.1015%
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | March 12
|
| Settlement date: | March 24
|
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