Alaska Industrial Development announces intention to refund 1998 bonds

By Sheri Kasprzak

New York, May 5 – The Alaska Industrial Development and Export Authority said it is considering a refunding offering for bonds issued on behalf of the Snettisham Hydroelectric Project.

The proposed deal will refund the project’s series 1998 bonds, of which there is about $69,955,000 principal outstanding. Interest rates on the refunded bonds range from 5% to 5.5%.

The proposed deal will be about $64 million in size and pricing is tentatively slated for the week of June 8.

Pricing of the deal is contingent upon market and other factors.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.