By Sheri Kasprzak
New York, Feb. 7 - Anchorage, Alaska priced $95 million in general obligation tax anticipation notes on Thursday.
The notes (SP1+), due Dec. 30, 2008, priced with a coupon of 2.5% to yield 1.87%, according to an official statement released Thursday.
JPMorgan Chase & Co. was the winning bidder.
Proceeds will be used to pay ongoing expenses of the city until ad valorem taxes and other revenue sources are available.
| Issuer: | Anchorage, Alaska
|
| Issue: | General obligation tax anticipation notes
|
| Amount: | $95 million
|
| Type: | Competitive
|
| Maturity: | Dec. 30, 2008
|
| Coupon: | 2.5%
|
| Yield: | 1.87%
|
| Rating: | S&P: SP1+
|
| Underwriter: | JPMorgan Chase & Co. (winning bidder)
|
| Pricing date: | Feb. 7
|
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