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Entergy Arkansas talks $250 million sale of 10-year mortgage bonds for Wednesday
By Andrea Heisinger
New York, May 22 - Entergy Arkansas, Inc. is preparing a $250 million sale of 10-year first mortgage bonds for Wednesday's session, according to an informed source and a 424B5 filing with the Securities and Exchange Commission.
Price talk is in the Treasuries plus 105 basis points to 110 bps range, the source said. There is a do-not-grow provision on the size.
The bonds will have a make-whole call over Treasuries until three months prior to maturity.
Bookrunners are Barclays, KeyBanc Capital Markets Inc., RBS Securities Inc. and Stephens Inc.
Co-managers are Deutsche Bank Securities Inc. and U.S. Bancorp Investments Inc.
Proceeds will be used to repay $350 million of 5.4% mortgage bonds at maturity on Aug. 1.
The utility company is based in Little Rock, Ark.
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