Published on 9/28/2018 in the Prospect News Private Placement Daily.
New Issue: Entergy New Orleans places $60 million of 4.51% first mortgage bonds
By Devika Patel
Knoxville, Tenn., Sept. 28 – Entergy New Orleans, Inc. settled a $60 million private placement of 4.51%. first mortgage bonds due Sept. 30, 2033 on Sept. 27, according to an 8-K filed with the Securities and Exchange Commission.
Entergy New Orleans is a New Orleans-based electric and gas utility and subsidiary of Entergy Corp.
| Issuer: | Entergy New Orleans, Inc.
|
| Issue: | Series Q first mortgage bonds
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| Amount: | $60 million
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| Maturity: | Sept. 30, 2033
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| Coupon: | 4.51%
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| Call: | Make-whole call at Treasuries plus 50 bps until June 30, 2033, then a par call
|
| Settlement date: | Sept. 27
|
| Distribution: | Private placement
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