Published on 10/15/2013 in the Prospect News Municipals Daily.
New Issue: North Slope Borough, Alaska, sells $100.78 million G.O. bonds
By Sheri Kasprzak
New York, Oct. 15 - The North Slope Borough of Alaska sold $100,775,000 of series 2013A general obligation bonds, according to a pricing sheet.
The bonds (Aa3/AA-/AA-) were sold through KeyBanc Capital Markets LLC.
The bonds are due 2014 to 2023 with 1% to 5% coupons.
Proceeds will be used to construct, acquire and equip public facilities, including administrative buildings, education facilities, sewage treatment facilities and airport facilities.
Issuer: | North Slope Borough
|
Issue: | Series 2013A general obligation bonds
|
Amount: | $100,775,000
|
Type: | Negotiated
|
Underwriter: | KeyBanc Capital Markets LLC (lead)
|
Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
Pricing date: | Oct. 15
|
Settlement date: | Oct. 24
|
|
Amount | Maturity | Type | Coupon | Price
|
$56.78 million | 2014 | Serial | 1% | 100.559
|
$21,115,000 | 2015 | Serial | 3% | 104.426
|
$4.21 million | 2016 | Serial | 2% | 103.368
|
$4.29 million | 2017 | Serial | 2% | 103.276
|
$4.38 million | 2018 | Serial | 2.25% | 103.332
|
$4,475,000 | 2019 | Serial | 5% | 116.74
|
$1.28 million | 2020 | Serial | 5% | 116.972
|
$1,345,000 | 2021 | Serial | 5% | 116.917
|
$1,415,000 | 2022 | Serial | 5% | 116.934
|
$1,485,000 | 2023 | Serial | 5% | 117.062
|
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