Alaska Municipal Bond Bank organizes $94.24 million sale of G.O. bonds

By Sheri Kasprzak

New York, Feb. 13 - The Alaska Municipal Bond Bank is expected to sell $94,235,000 of series 2013-1 general obligation bonds, said a preliminary official statement.

The bonds (Aa2//AA+) will be sold on a negotiated basis with RBC Capital Markets LLC and J.P. Morgan Securities LLC as the senior managers.

The bonds are due 2014 to 2047.

Proceeds will be used to make loans to eight governmental units.

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