Tab_48cEXHIBIT C - Form of Notice of Optional Redemption and Retirement
ALASKA MUNICIPAL BOND BANK
NOTICE TO HOLDERS OF THE FOLLOWING
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION BONDS, 2007 SERIES FIVE
MATURING ON AND AFTER SEPTEMBER 1, 2017
NOTICE IS HEREBY GIVEN to the holders of the following defeased Alaska Municipal Bond Bank,
General Obligation Bonds, 2007 Series Five (the "Defeased 2007 Series Five Bonds") that (i) the Defeased 2007 Series
Five Bonds (i) maturing on and after September 1, 2018, have been called for redemption on September 1, 2017, 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, and (ii) the Defeased 2007 Series Five Bonds maturing on September
1, 2017, will be retired in accordance with their terms, at a retirement price equal to the principal amount thereof, plus
accrued interest to the date fixed for maturity. The source of the funds to be used for such redemption or retirement, as
applicable, 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 2007 Series Five Bonds represent a portion of the bonds issued on December 4, 2007; and
defeased on September 1, 2017 and are described below:
Principal Redemption or Redemption or Defeased
Maturity Amount Retirement Date Retirement Price CUSIP No.
(September 1) Defeased Interest Rate (September 1) (% of Principal) (01179)
2017 $130,000.00 6.000% 2017 100% PVR5
2018 135,000.00 6.000 2017 100 PVS3
2019 145,000.00 4.000 2017 100 PVT1
2020 150,000.00 4.125 2017 100 PVU8
2021 160,000.00 4.250 2017 100 PVV6
2022 165,000.00 4.300 2017 100 PVW4
2023 175,000.00 4.400 2017 100 PVX2
2024 180,000.00 4.500 2017 100 PVYO
2025 190,000.00 4.500 2017 100 PVZ7
2026 200,000.00 4.500 2017 100 PWA1
2027 205,000.00 4.625 2017 100 PWB9
2028 215,000.00 4.625 2017 100 PWC7
2029 285,000.00 4.625 2017 100 PWD5
2030 300,000.00 4.750 2017 100 PWE3
2031 315,000.00 4.750 2017 100 PWFO
2032 330,000.00 4.750 2017 100 PWG8
2037 1,910,000.00 4.750 2017 100 PWM5
The redemption price of and accrued interest on Defeased 2007 Series Five Bonds maturing on and after
September 1, 2018, and the retirement price of and accrued interest on Defeased 2007 Series Five Bonds maturing on
September 1, 2017 shall become due and payable on September 1, 2017, and from and after September 1, 2017, interest
on the Defeased 2007 Series Five Bonds maturing on and after September 1, 2017 shall cease to accrue and be payable.
Holders of the Defeased 2007 Series Five Bonds maturing on and after September 1, 2018 being redeemed
and the Defeased 2007 Series Five Bonds maturing on September 1, 2017 being retired will receive payment of the
redemption price or retirement price, as applicable, 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.
AMBB - General Obligation and Refunding Bonds, 2016 Series Three
Escrow Agreement (2007 Series Five)
Page C-3
The Defeased 2007 Series Five 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 Trust Window
East Syracuse New York 13057 East Syracuse, New York 13057 101 Barclay Street, 1st Floor East
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.
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 Three
Escrow Agreement (2007 Series Five)
Page C-4