Alaska Railroad preps $97.32 million sale of capital grant bonds

By Sheri Kasprzak

New York, June 22 – The Alaska Railroad Corp. is slated to price $97.32 million of series 2015 capital grant receipts refunding bonds on Wednesday, according to a preliminary official statement.

The deal includes $62,925,000 of series 2015A bonds and $34,395,000 of series 2015B bonds.

The bonds (A3/A/) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager and Wells Fargo Securities LLC as the co-manager.

The 2015A bonds are due 2017 to 2021, and the 2015B bonds are due 2017 to 2023.

Proceeds will be used to refund the corporation’s series 2006 and 2007 refunding bonds.

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