Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Entergy Arkansas, Inc. > News item |
Entergy Arkansas to sell $150 million 30-year first mortgage bonds
By Andrea Heisinger
New York, Oct. 4 - Entergy Arkansas, Inc. is expected to price a $150 million offering of 30-year first mortgage bonds on Tuesday at $25 each, an informed source said.
The bonds (A3/A-) are callable on or after Nov. 1, 2015 at par plus accrued interest.
Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the bookrunners. The joint lead manager is Stephens Inc.
Proceeds are going to repay outstanding debt with interest rates ranging from 6% to 6.7% per year and maturing in 2032 and to fund general corporate purposes.
The subsidiary of energy company Entergy Corp. is based in New Orleans.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.