North Slope Borough, Alaska, plans $96.49 million sale of G.O. bonds

By Sheri Kasprzak

New York, Oct. 19 – North Slope Borough of Alaska is set to sell $96,495,000 of series 2015 general obligation bonds on Tuesday, according to a preliminary official statement.

The deal includes $82.46 million of series 2015A general purpose G.O. bonds and $14,035,000 of series 2015B school G.O. bonds.

The bonds (Aa2//AA) will be sold on a negotiated basis with KeyBanc Capital Markets Inc. as the underwriter.

The 2015A bonds are due 2016 to 2019 and the 2015B bonds are due 2017 to 2026.

Proceeds will be used to finance capital improvements.

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