Published on 4/11/2013 in the Prospect News Municipals Daily.
New Issue: Alaska Housing Finance sells $86.77 million bonds
By Sheri Kasprzak
New York, April 11 - The Alaska Housing Finance Corp. priced $86,765,000 of series 2013A state capital project II bonds, according to a pricing sheet.
The bonds (/AA+/AA+) were sold through KeyBanc Capital Markets Inc.
The bonds are due 2017 to 2032 with 4% to 5% coupons.
Proceeds will be used to refund debt and reimburse for government purpose obligations.
| Issuer: | Alaska Housing Finance Corp.
|
| Issue: | Series 2013A state capital project II bonds
|
| Amount: | $86,765,000
|
| Type: | Negotiated
|
| Underwriters: | KeyBanc Capital Markets Inc. (lead), J.P. Morgan Securities LLC, BofA Merrill Lynch, Raymond James/Morgan Keegan and Morgan Stanley & Co. LLC (co-managers)
|
| Ratings: | Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | April 11
|
| Settlement date: | May 30
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3,055,000 | 2017 | Serial | 4% | 112.37
|
| $1,615,000 | 2017 | Serial | 4% | 113.46
|
| $1.61 million | 2018 | Serial | 5% | 118.879
|
| $1,755,000 | 2018 | Serial | 5% | 120.176
|
| $1.75 million | 2019 | Serial | 5% | 120.785
|
| $2,765,000 | 2019 | Serial | 5% | 121.815
|
| $2,755,000 | 2020 | Serial | 5% | 122.142
|
| $2,905,000 | 2020 | Serial | 5% | 122.757
|
| $2,905,000 | 2021 | Serial | 5% | 122.997
|
| $3.07 million | 2021 | Serial | 5% | 123.614
|
| $3.07 million | 2022 | Serial | 5% | 123.768
|
| $2.36 million | 2022 | Serial | 5% | 123.768
|
| $2.35 million | 2023 | Serial | 5% | 124.205
|
| $4.71 million | 2023 | Serial | 5% | 124.853
|
| $4.98 million | 2024 | Serial | 5% | 125.426
|
| $4,985,000 | 2025 | Serial | 5% | 125.965
|
| $5,435,000 | 2026 | Serial | 5% | 126.269
|
| $5.74 million | 2027 | Serial | 5% | 126.348
|
| $5.96 million | 2028 | Serial | 4% | 109.717
|
| $6,235,000 | 2029 | Serial | 4% | 109.253
|
| $6.52 million | 2030 | Serial | 4% | 109.25
|
| $6,815,000 | 2031 | Serial | 4% | 108.477
|
| $3.42 million | 2032 | Serial | 4% | 108.056
|
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