University of Alaska coordinates $65.95 million general revenue bonds

By Sheri Kasprzak

New York, June 24 – The University of Alaska is set to price $65.95 million of series 2015T general revenue bonds, said a preliminary official statement.

The bonds (Aa2/AA-/) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager and BofA Merrill Lynch and Wells Fargo Securities LLC as the co-managers.

The bonds are due 2018 to 2035 with a term bond due in 2039.

Proceeds will be used to provide electricity, heating and air conditioning to 3 million square feet of academic space at the university’s Fairbanks campus.

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