Anchorage plans $95 million offering of G.O. tax anticipation notes

By Sheri Kasprzak

New York, Jan. 23 - Anchorage, Alaska, is gearing up to price $95 million in general obligation tax anticipation notes, a preliminary official statement released Wednesday said.

The bonds, due Dec. 30, 2008, are set to price Feb. 7 in a competitive offering, according to the official statement. First Southwest Co. is the financial advisor for Anchorage.

Standard & Poor's has rated the bonds SP1+.

Proceeds from the bonds will be used for the general expenses of the municipality until Anchorage receives ad valorem taxes and other revenue sources.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.