Alaska Municipal Bond Bank plans $62.41 million offering of G.O. bonds

By Sheri Kasprzak

New York, Jan. 29 - The Alaska Municipal Bond Bank plans to price $62.41 million of series 2014 general obligation bonds, according to a preliminary official statement.

The deal includes $48.32 million of series 2014A-1 tax-exempt bonds and $14.09 million of series 2014B-1 taxable bonds.

The bonds (Aa2//AA+) will be sold on a negotiated basis with RBC Capital Markets LLC as the underwriter for the 2014A-1 bonds and J.P. Morgan Securities LLC as the underwriter for the 2014B-1 bonds.

The 2014A-1 bonds are due 2015 to 2039. The 2014B-1 bonds are due 2015 to 2022.

Proceeds will be used to make loans to governmental units.

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