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Alaska Municipal Bond Bank plans $79.03 million G.O., refunding bonds
By Sheri Kasprzak
New York, Aug. 15 - The Alaska Municipal Bond Bank is set to price $79.03 million of series 2011-3 general obligation and refunding bonds, according to a preliminary official statement.
The bonds (Aa2/AA) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. and RBC Capital Markets LLC as the senior managers.
The bonds are due 2012 to 2036.
Proceeds will be used to fund loans to six governmental units to pay for school construction projects, landfill capital improvements and library and museum construction projects, as well as to refund a loan issued by the U.S. Department of Agriculture Rural Development.
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