Return of the GOs: Alaska Takes Rare, $462 Million Trip

Finestone, Deborah
April 2003
Bond Buyer;4/4/2003, Vol. 344 Issue 31608, p30
Trade Publication
Alaska is bringing GO bonds to market, in a 462 million dollars deal set to price on April 9, 2003.Series A consists of 359.13 million dollars in general purpose bonds to finance education facilities, museums, and transportation projects spread around the state. Series B is made up of 102.8 million dollars in transportation bonds the state expects will be mostly reimbursed through federal grants, according to debt manager Deven Mitchell.Voters authorized the bonds in November 2002 election, apparently agreeing with the argument that the time was right to sell debt, given low interest rates, to finance needed projects.


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