Entergy Louisiana 5.25% mortgage bonds due 2052 set to trade on NYSE

By Susanna Moon

Chicago, July 6 - Entergy Louisiana LLC's 5.25% first mortgage bonds due July 1, 2052 have been admitted for trading on the New York Stock Exchange under the ticker symbol "ELJ."

The company priced $200 million of the bonds at par of $25 on June 26.

Price talk was revised to around 5.25%, as previously reported by Prospect News. The deal was upsized from $100 million.

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the joint bookrunning managers. J.P. Morgan Securities LLC and Raymond James & Associates Inc. were the co-managers.

The bonds (A3/A-) can be redeemed at any time on or after July 1, 2017 at par plus accrued interest.

Settlement occurred on July 3.

Entergy Louisiana is the Baton Rouge, La.-based energy-providing subsidiary of Entergy Corp.

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