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 $125 million 50-year $25-par first mortgage bonds at 4.75%-4.875%
By Stephanie N. Rotondo
Phoenix, May 28 - Entergy Arkansas Inc. intends to price at least $125 million of $25-par first mortgage bonds due June 1, 2063 (expected ratings: A3/A-), a market source reported Tuesday.
Price talk is 4.75% to 4.875%.
Wells Fargo Securities Inc. and Morgan Stanley & Co. LLC are the joint bookrunners. Stephens Inc. is the co-manager.
Interest will be payable on the first day of March, June, September and December, beginning Sept. 1. The bonds can be called on or after June 1, 2018 at par plus accrued interest.
Proceeds will be used along with other corporate funds to redeem $300 million of 5.4% first mortgage bonds due in August. Any remaining proceeds will be used for general corporate purposes.
Entergy Arkansas is a Little Rock, Ark.-based energy provider.
© 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.