Municipal Bond Sale
The City & Borough of Juneau (CBJ) will be selling $1,000,000 of General Obligation Bonds in an Over the Counter (OTC) issue on Saturday, January 25. This will be the CBJ's fourth OTC issue, where bonds are sold directly to local residents. CBJ is offering this fourth OTC bond issue in response to local residents' interest in the first three issues and requests that additional OTC bond issues be offered to the community.
Details of Bonds:
Type of Bonds: General Obligation Bonds
Purpose of Bonds: For the purpose of paying part of the cost of acquiring, constructing and equipping various harbor, utility and park improvements within the City and Borough.
Minimum Denomination: $1000
Maturity: Between 1 and 20 years.
Interest Rate: Preliminary Interest Rates will be published in the Juneau Empire on Friday, January 24. The CBJ retains the right to change the interest rates due to market fluctuations up to the order date of January 25.
Final interest rates will be posted the day of the sale, January 25.Interest: Exempt from federal income tax with some limited exceptions (See Preliminary Official Statement).
When: January 25, 2003; 9:00 a.m.
Location: Assembly Chambers, CBJ Municipal Building.
Where to get more information: Preliminary Official Statement and Additional Information available:
Forms and Documentation available online (links below) and at the CBJ Treasury Office, 155 S Seward St.
By telephone: Barbara Rolfe, Treasurer, 586-0375 or
Craig Duncan, Finance Director 586-5215
Forms and Documentation:
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