Alaska Housing Finance readies for $135.14 million bond offering

By Cristal Cody

Tupelo, Miss., April 4 - Alaska Housing Finance Corp. expects to raise $135.14 million in an offering of state capital project II bonds (/AA+/expected AA+), according to a preliminary official statement.

The deal includes $85.14 million of series 2013A bonds due 2017 through 2033 and $50 million of series 2013B federal taxable floating-rate bonds due June 1, 2043.

The series 2013B bonds are expected to price at par.

KeyBanc Capital Markets Inc. is the senior manager of the negotiated sale. Co-managers include J.P. Morgan Securities LLC, BofA Merrill Lynch, Raymond James/Morgan Keegan and Morgan Stanley & Co. LLC.

Proceeds will be used to refund debt and reimburse for government purpose obligations.

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