Anchorage plans to sell $100.11 million general obligation bonds

By Sheri Kasprzak

New York, March 4 - The Municipality of Anchorage in Alaska is expected to price $100.11 million in series 2010 general obligation bonds, according to a preliminary official statement.

The offering includes $55 million in series 2010A general purpose bonds, $20 million in series 2010B school G.O. bonds and $25.11 million in series 2010C general purpose G.O. refunding bonds.

The bonds (/AA/AA) will be sold through senior manager Siebert Brandford Shank & Co. LLC. The co-managers include Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Goldman Sachs & Co.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc; and Seattle-Northwest Securities Corp.

The maturities have not been set.

Proceeds will be used to make general purpose and school capital improvements.

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