Alaska Municipal Bond Bank to price $77.32 million of G.O. bonds

By Sheri Kasprzak

New York, Nov. 16 - The Alaska Municipal Bond Bank plans to price $77.315 million of series 2010 general obligation bonds, according to a preliminary official statement.

The offering will include two tranches, but the breakdown of those tranches was unavailable Tuesday.

The bonds (//AA) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager.

The 2010A bonds are due 2011 to 2030, and the 2010B bonds are due 2011 to 2030.

Proceeds will be loaned to the Kenai Peninsula Borough for capital improvements to school facilities, the City of Ketchikan for the construction of a new fire station, the Ketchikan Gateway Borough to replace its high school's roof, the City and Borough of Sitka to fund the Blue Lake Hydroelectric project and refund debt and the City of Soldotna for library improvements.

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