Entergy Texas to offer $130 million five-year first mortgage bonds at Treasuries plus 95 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., Aug. 11 – Entergy Texas Inc. intends to price $130 million of first mortgage bonds due Sept. 1, 2026, according to a market source and a 424B3 filing with the Securities and Exchange Commission.

Price talk has the bonds coming with a yield in the Treasuries plus 95 basis points area, the source said.

The bonds have a make-whole call and then a par call.

Scotia Capital (USA) Inc. and SMBC Nikko Securities America Inc. are the bookrunners.

Proceeds will be used to repay at maturity all of the company’s $75 million of 4.1% first mortgage bonds due Sept. 1, 2021 and for general corporate purposes.

Entergy Texas is a Beaumont, Tex.-based energy provider.

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