Tab_267aSCHEDULE X
ALASKA MUNICIPAL BOND BANK
$80,435,000 GENERAL OBLIGATION AND REFUNDING BONDS
2016 SERIES THREE
AND
$29,400,000 GENERAL OBLIGATION AND REFUNDING BONDS
2016 SERIES FOUR
AUTHORIZATION: Under and pursuant to Chapter 85 of Title 44, Alaska Statutes, as
amended, the General Bond Resolution of the Alaska Municipal Bond Bank adopted July 13,
2005, as amended, and Series Resolution No. 2016-05, adopted on September 6, 2016 (the
"Series Resolution," and together with the General Bond Resolution, the "Resolutions").
Pursuant to the terms of the Resolutions, the Alaska Municipal Bond Bank is issuing its General
Obligation and Refunding Bonds, 2016 Series Three (the "2016 Series Three Bonds") and its
General Obligation and Refunding Bonds, 2016 Series Four (the "2016 Series Four Bonds" and
together with the 2016 Series Three Bonds, the "Bonds").
NOT BANK QUALIFIED: The Bonds are not designated "qualified tax exempt obligations"
within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended.
DATE OF BOND DELIVERY: November 3, 2016.
DATE, MATURITIES AND INTEREST RATES: The Bonds are dated the date of delivery, and
mature in each of the years and in the principal amounts and bear interest at the rates per annum
set forth on the following pages.
INTEREST PAYMENT DATES: Interest on the Bonds is payable on December 1, 2016, and on
each June 1 and December 1 thereafter.
PLACE OF PAYMENT OF PRINCIPAL: Principal will be payable by The Bank of New York
Mellon Trust Company, N.A., San Francisco, California, as trustee, to DTC.
BOND INSURANCE. The scheduled payment of principal of and interest on a portion of the
2016 Series Three Bonds and the 2016 Series Four Bonds is to be insured by financial guaranty
insurance policies issued by National Public Finance Guarantee Corporation as shown below.
OTHER DETAILS OF THE BONDS: The definitive Bonds are issued in fully registered form
in denominations of $5,000 or any integral multiple thereof.
DEFINED TERMS: All terms not herein defined shall have the meaning set forth in the
Resolutions.
ALASKA MUNICIPAL BOND BANK
$80,435,000
GENERAL OBLIGATION AND REFUNDING BONDS, 2016 SERIES THREE
Principal Interest
Due Amount Rate
12/01/2016 $460,000 2.000%
12/01/2017 7,150,000 2.000
12/01/2018 9,110,000 4.000
12/01/2019 8,220,000 4.000
12/01/2020 9,105,000 4.000
12/01/2021 8,230,000 4.000
12/01/2022 4,490,000 5.000
12/01/2023 4,885,000 5.000
12/01/2024 4,450,000 5.000
12/01/2025 4,735,000 5.000
12/01/2026 5,005,000 5.000
12/01/2027 4,855,000 5.000
12/01/2028 2,755,000 5.000
12/01/2029* 675,000 3.000
12/01/2030* 700,000 3.125
12/01/2031* 720,000 3.125
12/01/2033* 1,535,000 3.250
12/01/2037* 3,355,000 3.375
Optional Redemption: The 2016 Series Three Bonds maturing on and after December 1, 2028
are subject to redemption in whole or in part at the option of the Bank on any date on or after
December 1, 2026, at a price of 100 percent of the principal amount thereof to be redeemed, plus
accrued interest to the date fixed for redemption, and without premium.
Mandatory Sinking Fund Redemption. The 2016 Series Three Bonds maturing on December 1,
2033 are subject to mandatory sinking fund redemption on December 1 of the years and in the
principal amounts set forth in the following table. Any such redemption will be at a price equal
to 100 percent of the principal amount to be redeemed plus accrued and unpaid interest thereon
to the date fixed for redemption, and without premium.
Series Three Term Bonds Due 2033
Year Principal Amount
2032 $750,000
2033* 785,000
* Maturity.
* The scheduled payment of principal and interest is to be insured by a financial guaranty
insurance policy to be issued by National Public Finance Guarantee Corporation.
The 2016 Series Three Bonds maturing on December 1, 2037 are subject to mandatory sinking
fund redemption on December 1 of the years and in the principal amounts set forth in the
following table. Any such redemption will be at price equal to 100 percent of the principal
amount to be redeemed plus accrued and unpaid interest thereon to the date fixed for redemption,
and without premium.
Series Three Term Bonds Due 2037
Year Principal Amount
2034 $795,000
2035 825,000
2036 860,000
2037* 875,000
* Maturity.
The Resolutions provide that if the Bank redeems a portion of the Series Three Term
Bonds pursuant to the optional redemption provisions described above or purchases for
cancellation or defeases Series Three Term Bonds, the Series Three Term Bonds so redeemed,
purchased or defeased may be credited against one or more scheduled mandatory sinking fund
redemption amounts of the same maturity in the order directed by the Bank (or if no direction is
given, then in a random manner as determined by the Trustee).
3
ALASKA MUNICIPAL BOND BANK
$29,400,000
GENERAL OBLIGATION AND REFUNDING BONDS, 2016 SERIES FOUR
Principal Interest
Due Amount Rate
12/01/2016 $610,000 2.000%
12/01/2017 950,000 3.000
12/01/2018 990,000 5.000
12/01/2019 1,045,000 5.000
12/01/2020 1,090,000 5.000
12/01/2021 1,145,000 5.000
12/01/2022 1,205,000 5.000
12/01/2023 1,260,000 5.000
12/01/2024 1,325,000 5.000
12/01/2025 1,390,000 5.000
12/01/2026 1,460,000 5.000
12/01/2027 1,535,000 5.000
12/01/2028 1,615,000 5.000
12/01/2029 1,690,000 5.000
12/01/2030 1,780,000 5.000
12/01/2031 1,865,000 5.000
12/01/2032 1,960,000 5.000
12/01/2033 2,055,000 5.000
12/01/2034* 2,165,000 5.000
12/0 1/2035* 2,265,000 5.000
Optional Redemption: The 2016 Series Four Bonds maturing on and after December 1, 2027 are
subject to redemption in whole or in part at the option of the Bank on any date on or after
December 1, 2026, at a price of 100 percent of the principal amount thereof to be redeemed, plus
accrued interest to the date fixed for redemption.
* The scheduled payment of principal and interest is to be insured by a financial guaranty
insurance policy to be issued by National Public Finance Guarantee Corporation.