Alaska Industrial to sell $61.55 million refunding revenue bonds

By Sheri Kasprzak

New York, March 24 - The Alaska Industrial Development and Export Authority plans to sell $61.55 million in series 2009A refunding revenue bonds, according to a preliminary official statement.

The bonds (/A+/A-1/A) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the senior manager. The sale is expected to take place in March, though no exact date has been set, according to a sellsider connected with the offering.

The bonds are due April 1, 2034, and the interest rate resets at the weekly rate.

Proceeds will be used to refund the authority's series 2004A and 2004B bonds.

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