Matanuska-Sustina, Alaska, to sell $245.38 million bonds Tuesday

By Sheri Kasprzak

New York, Dec. 1 - The Matanuska-Sustina Borough of Alaska is planning to sell $245.38 million in series 2008 lease revenue bonds on Tuesday, according to a calendar of sales.

The bonds (Aa3//AA-) will be sold on a negotiated basis with RBC Capital Markets as the lead manager.

The bonds are due from 2009 to 2033.

Proceeds will be used to design and construct a prison to hold prisoners currently housed out of state.

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