Entergy Arkansas to sell at least $100 million $25-par mortgage bonds; price talk 5%-5.125%

By Stephanie N. Rotondo

Phoenix, Dec. 6 - Entergy Arkansas Inc. will launch an offering of at least $100 million of $25-par first mortgage bonds due Dec. 1, 2052, according to a trader.

Price talk is 5% to 5.125%.

Interest will be payable on the first day of March, June, September and December, beginning March 1

The notes become callable on or after Dec. 1, 2017 at par plus accrued interest.

Bookrunners are Wells Fargo Securities LLC, Bank of America Merrill Lynch, Morgan Stanley & Co. LLC and Stephens Inc.

Proceeds will be used to repay borrowings from the Entergy system money pool, to repay borrowings under a $20 million credit facility with First National Bank that matures April 30, 2013 and a $150 million credit facility with Citibank NA.

Entergy Arkansas is a Little Rock, Ark.-based power producer.

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