University of Alaska Board of Regents Full Board Agenda May 2026
UA approves $115M refunding bond sale to AMBBA
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Description
The University of Alaska Board of Regents approved issuing up to $115 million in General Revenue Refunding Bonds 2026 Series A to be sold to the Alaska Municipal Bond Bank Authority to refinance existing debt. The refunding is expected to lower interest costs, producing roughly $3.3 million in gross savings over a term not to exceed 20 years, with bonds anticipated to be priced and delivered in mid‑2026.
Contract Details
Contract Amount
Not to exceed $115,000,000 principal amount
Vendor
ALASKA MUNICIPAL BOND BANK AUTHORITY
Agency
University Of Alaska System Of Higher Education, AK
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Contract Term
Final maturity not to exceed 20 years from date of issuance; bond expected to be priced June–July 2026 and delivered July 2026
Renewal Info
Refunding authorization allows issuance in one or more series within 180 days of the resolution; only maturities yielding savings will be refinanced. Future refunding of 2015 Series U or 2020 Series W may occur if market conditions improve.
Issuing Agency
University Of Alaska System Of Higher Education
Higher Ed
Fairbanks, AK
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