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Most Recent Financings

On November 6, 2012, the voters authorized the issuance of approximately $453.5 million of General Obligation Bonds for transportation projects (the "2012 Act"). Listed below are summaries of the State of Alaska's General Obligation Bond and Note financings under the 2012 Act, and as of August 5, 2020, the State has issued the remaining authority. 

Fiscal Year 2021

On August 5, 2020, the State of Alaska closed on $84.56 million in General Obligation Bonds, Series 2020A.  Proceeds were used for paying or making grants for payment of costs of transportation projects authorized pursuant to the 2012 Act.  The bonds are set to mature on August 1, 2040, and have a true interest cost of approximately 1.9696%. 

Upon issuance, these General Obligation Bonds were assigned ratings of "Aa3" with a Negative Outlook, and "AA-" with a Negative Outlook by Moody's Investors Service, Inc., and S&P Global Ratings respectively.

Fiscal Year 2016

On March 17, 2016, the State of Alaska closed on $134,790,000 in General Obligation Bonds, Series 2016A, which paid and redeemed the State's General Obligation Bond Anticipation Notes, Series 2015A.  Proceeds were used for paying or making grants for payment of costs of transportation projects authorized pursuant to the 2012 Act.  The bonds are set to mature on August 1, 2035 and have a true interest cost of 3.0243%. 

Upon issuance, these General Obligation Bonds were assigned ratings of "Aa1" with a Negative Outlook, "AAA" with Negative Watch and "AA+" with Negative Outlook by Moody's Investors Service, Inc., Fitch Ratings, and Standard & Poor's Ratings Services respectively. 

On June 30, 2016, the State of Alaska closed on $128,300,000 in General Obligation Bonds, Series 2016B, with proceeds used for paying or making grants for payment of costs of transportation projects authorized pursuant to the 2012 Act.  These bonds are set to mature on August 1, 2035 and have a true interest cost of 2.7593%.   

Upon issuance, these General Obligation Bonds were assigned ratings of "Aa1" with a Negative Outlook, "AA+" with Negative Outlook and "AA+" with Negative Watch by Moody's Investors Service, Inc., Fitch Ratings and Standard & Poor's Ratings Services respectively. For the official statements related to these issuances, please see below:

Fiscal Year 2015

On March 19, 2015 the State of Alaska issued $155,215,000 of General Obligation Bond Anticipation Notes (BANs) for the purpose of paying the costs of design and construction of State transportation projects pursuant to the State Transportation Bond Act.  The notes matured on March 18, 2016 and had a true interest cost of 0.154%. 

Upon issuance, these short term General Obligation Bond Anticipation Notes were rated MIG 1 by Moody’s Investors Service, SP-1+ by Standard & Poor’s and F1+ by Fitch Ratings.  For the official statements related to the most recent BAN issuances, please see below:

On April 9, 2015 the State of Alaska closed on $94,425,000 of General Obligation Refunding Bonds, Series 2015B, used to advance refund certain maturities of the State's 2009 Series A Bonds.  The transaction obtained a true interest cost of 2.3833%, and over $7.5 million in present value savings.

Upon issuance, these General Obligation Refunding Bonds were rated Aaa by Moody’s Investors Service, AAA by Standard & Poor’s and AAA by Fitch Ratings. Please find a copy of the OS below:  

Upcoming Financing

For additional details on any upcoming financings, please contact Debt Management directly at (907) 465-3750.

Completed Financing

Please find other State of Alaska debt financings below: