Tab_44cEXHIBIT C - Form of Notice of Optional Redemption
ALASKA MUNICIPAL BOND BANK
NOTICE TO HOLDERS OF THE FOLLOWING
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION BONDS, 2006 SERIES TWO
MATURING ON AND AFTER DECEMBER 1, 2017
NOTICE IS HEREBY GIVEN to the holders of the following outstanding Alaska Municipal Bond
Bank, General Obligation Bonds, 2006 Series Two (the "2006 Series Two Bonds") that the outstanding 2006 Series
Two Bonds maturing on and after December 1, 2017 are being defeased and that the defeased 2006 Series Two Bonds
(the "Refunded Bonds") will be redeemed on December 5, 2016, in accordance with their terms, at a redemption price
equal to 100% of the principal amount thereof, plus in each case accrued interest to the date fixed for redemption. The
source of the funds to be used for such redemption is the principal of and interest on Escrow Obligations theretofore
deposited with the Trustee as Escrow Agent, together with moneys theretofore deposited with the Escrow Agent.
The Defeased 2006 Series Two Bonds represent a portion of the bonds issued on July 26, 2006; and defeased
on December 5, 2016 and are described below:
Principal
Maturity Amount
(December 1) Defeased Interest Rate
2021 $5,430,000.00 5.500%
2026 7,095,000.00 5.500
2031 9,180,000.00 5.000
2035 10,905,000.00 5.000
Redemption Redemption Defeased
Date Price (% of CUSIP No.
(December 5) Principal) (01179)
2016 100% PQK6
2016 100 PQQ3
2016 100 PQR1
2016 100 PQS9
The redemption price of and accrued interest on Defeased 2006 Series Two Bonds maturing on and after
December 1, 2017 shall become due and payable on December 5, 2016, and from and after December 5, 2016, interest
on the 2006 Series Two Bonds maturing on and after December 1, 2017 shall cease to accrue and be payable.
Holders of the Refunded Bonds maturing on and after December 1, 2017 being redeemed will receive
payment of the redemption price and accrued interest to which they are entitled upon presentation and surrender thereof
at the designated corporate trust office of The Bank of New York Mellon Trust Company, N.A.
The Defeased 2006 Series Two Bonds shall be surrendered for redemption to:
First Class/Registered/Certified Express Delivery Only By Hand Only
The Bank of New York Mellon The Bank of New York Mellon The Bank of New York Mellon
Global Corporate Trust Global Corporate Trust Global Corporate Trust Corporate
P.O. Box 396 111 Sanders Creek Parkway
East Syracuse, New York 13057
Trust Window
101 Barclay Street, 1st Floor East
East Syracuse New York 13057 New York, New York 10286
Bondholder Communications can be reached at 1-800-254-2826.
This CUSIP® number has been assigned by the Bond Bank's CUSIP Global Services and is included solely
for the convenience of the holders. Neither the Bond Bank nor the Escrow Agent or Trustee shall be responsible for
the selection or use of this CUSIP® number, nor is any representation made to its correctness on the bond or as
indicated in any redemption notice.
AMIBB - General Obligation and Refunding Bonds, 2016 Series Four
Escrow Agreement (2006 Series Two)
Page C-3
The Issuer and Trustee shall not be responsible for the use of the CUSIP number(s) selected, nor is any
representation made as to their correctness indicated in the notice or as printed on any Bonds. They are included
solely for the convenience of the holders.
IMPORTANT TAX NOTICE
Withholding of 28% of gross redemption proceeds of any payment made within the United States may be
required by the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the Act), unless the Trustee has the
correct taxpayer identification number (social security or employer identification number) or exemption certificate of
the payee. Please furnish a properly completed Form W-9 or exemption certificate or equivalent when
presenting your securities.
DATED this day of ___________, 20
AMBB - General Obligation and Refunding Bonds, 2016 Series Four
Escrow Agreement (2006 Series Two)
Page C-4