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Entergy Louisiana to price $25-par 50-year first mortgage bonds
By Stephanie N. Rotondo
Phoenix, May 15 - Entergy Louisiana LLC is planning a sale of $25-par first mortgage bonds due June 1, 2063, according to a prospectus filed with the Securities and Exchange Commission on Wednesday.
Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the joint bookrunners. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the co-managers.
Interest will be payable on the first day of March, June, September and December, beginning Sept. 1. The notes become redeemable at par plus accrued interest on or after June 1, 2018.
The Jefferson, La.-based energy provider will apply to list the notes on the New York Stock Exchange.
Proceeds will be used for general corporate purposes.
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