Alaska Municipal Bond Bank

Project Planning and Issuing Bonds

2

The Bond Bank• Created in 1975 to assist Alaskan

municipalities access low cost funds for capital projects

• Operation is Self Supporting and has Repaid State’s Investment

• Efficiency and Flexibility has Increased

• Continually Generating and Implementing Innovations to Better Meet the Mission

Mission Statement“To Provide Municipalities Finance Options for Capital Projects They

Can Afford”

• Sell Highly Rated Bond Bank Bonds (AA+ Fitch, AA+ S&P)

• Use Proceeds of Bond Bank bonds to Fund Lower Rated Community Bonds at the Bond Bank Borrowing Rate

• Bond Bank reduces Cost Through Economies of Scale and Pays Most Costs of Issuing Bonds

Accomplished By

Result• Over the last 10 years the Bond Bank has saved Alaskan

communities over $100 million, and over the last 38 years has secured $1.5 billion dollars for the construction of key municipal projects

Use of Bond Bank Proceeds(Excluding Reserves)

BOND BANK’S ASSISTANCE AT WORK IN ALASKA

BOND BANK’S ASSISTANCE AT WORK IN ALASKA

Unalaska Sitka

SewardAnchorage

King Cove

Sand Point

Alaska Municipal Bond Bank

Questions regarding the Bond Bank and its programs should be directed to:

Deven MitchellExecutive Director

Alaska Municipal Bond Bank AuthorityPhone: (907) 465-3750

Email: deven.mitchell@alaska.gov