Entergy Mississippi’s 4.9% $25-par first mortgage bonds due 2066 to list on NYSE on Friday

By Stephanie N. Rotondo

Seattle, Sept. 15 – Entergy Mississippi Inc.’s $260 million of 4.9% $25-par first mortgage bonds due Oct. 1, 2066 are expected to list on the New York Stock Exchange on Friday, a market source reported.

The ticker will be “EMP.” The deal priced Sept. 8.

Price talk was 4.95%.

BofA Merrill Lynch, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the joint bookrunners. BNY Mellon Capital Markets LLC, J.P. Morgan Securities LLC and Ramirez & Co. Inc. were the co-managers.

Interest is payable on the first day of January, April, July and October, beginning Jan. 1. The bonds become redeemable on or after Oct. 1, 2021 at par plus accrued interest.

The New Orleans-based subsidiary of Entergy Corp. will use the proceeds to redeem $30 million of its 6.25% cumulative preferred stock, to redeem another $230 million of outstanding 6% first mortgage bonds due 2051 and 6.2% first mortgage bonds due 2040, and for general corporate purposes.

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