Alaska Municipal Bond Bank to sell $57.57 million G.O. refunding bonds

By Sheri Kasprzak

New York, Sept. 17 – The Alaska Municipal Bond Bank is set to price $57,565,000 of series 2014-3 general obligation refunding bonds, according to a preliminary official statement.

The bonds (/AA+/AA+) will be sold on a negotiated basis with RBC Capital Markets LLC and KeyBanc Capital Markets Inc. as the senior managers.

The bonds are due 2015 to 2044.

Proceeds will be used to make three loans to governmental units for new money purposes, as well as to refund existing debt.

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