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North Slope Borough, Alaska, to price $130.48 million of G.O. bonds
By Sheri Kasprzak
New York, Oct. 15 – The North Slope Borough of Alaska is slated to come to market with $130,475,000 of series 2014 general obligation bonds, according to a preliminary official statement.
The deal includes $104,525,000 of series 2014A general purpose G.O.s and $25.95 million of series 2014B school G.O.s.
The bonds (Aa2/AA-/AA) will be sold on a negotiated basis with KeyBanc Capital Markets LLC as the underwriter.
The 2014A bonds are due 2015 to 2018, and the 2014B bonds are due 2015 to 2024.
Proceeds will be used to reimburse the borough for costs associated with the construction, acquisition and equipment of school, light, power, heat, public roads, water, sewage treatment and other public facilities.
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