Anchorage to price $130 million senior-lien electric revenue bonds

By Sheri Kasprzak

New York, Nov. 12 - Anchorage is set to price $130 million in series 2009 senior-lien electric revenue bonds, according to a preliminary official statement.

Pricing is set for Thursday, according to a sales calendar.

The offering includes $15.405 million in series 2009A tax-exempt bonds and $114.595 million in series 2009B Build America Bonds.

The bonds (/A+/A+) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the lead manager. The co-managers are Citigroup Global Markets Inc., Goldman Sachs & Co., Merrill Lynch & Co., Morgan Stanley & Co. Inc., Seattle-Northwest Securities Corp. and Siebert Brandford Shank & Co. LLC.

The series 2009A bonds are due 2019 to 2024, and the 2009B bonds are due 2024 to 2026 with term bonds due 2029 and 2039.

Proceeds will be used to fund electric infrastructure projects.

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