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Prospect News home > News index > List of issuers E > Headlines for Entergy New Orleans, Inc. > News item |
Entergy New Orleans to sell $25-par 40-year first mortgage bonds talked around 5.125%
By Stephanie N. Rotondo
Phoenix, Nov. 26 - Entergy New Orleans Inc. plans to sell at least $30 million of $25-par first mortgage bonds due Dec. 1, 2052, a trader told Prospect News on Monday.
Price talk is around 5.125%.
Interest will be payable quarterly on the first day of March, June, September and December, beginning March 1. The bonds can be redeemed on or after Dec. 1, 2017 at par plus accrued interest.
Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are the joint bookrunners.
Proceeds from the sale will be used to repay borrowings from the Entergy system and for general corporate purposes.
Entergy New Orleans is a power producer.
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