Tab_271aCertificate of RBC Capital Markets, LLC
$80,435,000
General Obligation and Refunding Bonds
2016 Series Three
$29,400,000
General Obligation and Refunding Bonds
2016 Series Four (AMT)
RBC Capital Markets, LLC, as managing underwriter (the "Underwriter") of the
$80,435,000 aggregate principal amount of Alaska Municipal Bond Bank General Obligation
and Refunding Bonds, 2016 Series Three (the "Non-AMT Bonds") and the $29,400,000
aggregate principal amount of Alaska Municipal Bond Bank General Obligation and Refunding
Bonds, 2016 Series Four (AMT) (the "AMT Bonds" and, together with the Non-AMT Bonds,
the "Bonds"), of the Alaska Municipal Bond Bank, certify the following facts for purpose of
determining the issue price of the Bonds:
1. Authorized Representative. The undersigned is the duly authorized representative
of RBC Capital Markets.
2. On October 18, 2016 (the "Sale Date"), the Underwriters made a bona fide public
offering of the Non-AMT Bonds to the public (excluding bond houses, brokers, and similar
persons acting in the capacity of underwriters or wholesalers, "Public Buyers"), at the following
reoffering prices expressed as a percentage of the principal amount (the "Initial Reoffering
Prices"):
Maturity Year (December 1) Principal Amount Reoffering Price
2016 460,000 100.084
2017 7,150,000 100.982
2018 9,110,000 105.516
2019 8,220,000 107.679
2020 9,105,000 109.561
2021 8,230,000 111.194
2022 4,490,000 118.216
2023 4,885,000 119.414
2024 4,450,000 120.452
2025 4,735,000 121.274
2026 5,005,000 122.048
2027 4,855,000 121.358
2028 2,755,000 119.587
2029 675,000 98.612
2030 700,000 98.595
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2031 720,000 97.699
2033 1,535,000 97.559
2037 3,355,000 96.838
3. On October 18, 2016 (the "Sale Date"), the Underwriters made a bona fide public
offering of the AMT Bonds to the public (excluding bond houses, brokers, and similar persons
acting in the capacity of underwriters or wholesalers, "Public Buyers"), at the following
reoffering prices expressed as a percentage of the principal amount (the "Initial Reoffering
Prices"):
Maturity Year (December 1) Principal Amount Reoffering Price
2016 610,000 100.077
2017 950,000 101.888
2018 990,000 107.303
2019 1,045,000 110.043
2020 1,090,000 112.441
2021 1,145,000 114.519
2022 1,205,000 116,216
2023 1,260,000 117.113
2024 1,325,000 118.021
2025 1,390,000 118.582
2026 1,460,000 119.102
2027 1,535,000 117.756
2028 1,615,000 116.523
2029 1,690,000 115.772
2030 1,780,000 114.934
2031 1,865,000 114.287
2032 1,960,000 113.736
2033 2,055,000 113.188
2034 2,165,000 112.734
2035 2,265,000 112.372
4. On the Sale Date, based upon our assessment of market conditions, investor
demand, sale and offering prices for comparable bonds, and the recent behavior of interest rates,
the Underwriter reasonably expected that the Initial Reoffering Prices could be a market clearing
price for the Bonds of each maturity. On the Sale Date, the Initial Reoffering Prices did not
exceed the fair market value of the Bonds. Based upon the Underwriter's records, the Initial
Reoffering Prices were the first prices at which a substantial portion (at least 10%) of the Bonds
of each maturity were sold to Public Buyers, except that the Underwriter did not sell a substantial
portion of the Non-AMT Bonds maturing on December 1 of the following years: 2024, 2025,
2026 and 2028 or the AMT Bonds maturing on December 1 of the following years: 2017, 2019,
2020, 2021, 2022, 2030, 2031, 2032, 2033, or 2034, at the Initial Reoffering Price to Public
Buyers.
5. These representations are provided to (i) Orrick, Herrington & Sutcliffe LLP and
the Bond Bank to provide them with information concerning the Bonds; (ii) Foster Pepper PLLC
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and Levesque Law Group, LLC to provide them with information concerning the municipal
bonds of Aleutians East and Kodiak Island; (iii) K&L Gates, LLP to provide it with information
concerning the municipal bonds of Skagway and Juneau; and Jermaine, Dunnagan & Owens,
P.C. to provide it with information concerning the municipal bonds of Bethel, Seward and Kenai,
(iv) Landye Bennett Blumstein LLP to provide it with information concerning the municipal
bonds of Northwest Arctic and Wasilla; Stradling Yocca Carlson & Rauth, P.C. to provide it
with information concerning the municipal bonds of Ketchikan and Sitka; Birch, Horton, Bittner
and Cherot to provide it with information concerning the municipal bonds of Dillingham,
Kodiak, Nome, Wasilla, Petersburg and Northwest Arctic, in each case for purposes of
formulating their opinions in respect of such municipal bonds, and are not to be used or relied
upon by any other person. The Underwriter expresses no view regarding the legal sufficiency or
the correctness of any legal interpretation made by bond counsel, and nothing herein represents
the Underwriter's interpretation of any laws or regulations under the Internal Revenue Code of
1986, and the Underwriter expresses no view regarding the legal sufficiency of any
representations made herein.
Dated: November 3, 2016
By:
Authorized Officer
A-3
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