Entergy Texas' 5.625% $25-par mortgage bonds begin trading on NYSE

By Stephanie N. Rotondo

Phoenix, May 23 - Entergy Texas Inc.'s $135 million of 5.625% $25-par first mortgage bonds due June 1, 2064 listed on the New York Stock Exchange on Friday.

The deal priced May 13. The ticker symbol "EZT."

Morgan Stanley & Co. LLC, BofA Merrill Lynch and Wells Fargo Securities LLC were the joint bookrunning managers.

Interest will be payable on the first day of March, June, September and December, beginning Sept. 1. The company can redeem the notes on or after June 1, 2019 at par plus accrued interest.

Proceeds will be used to redeem certain outstanding debt currently bearing 7.875% interest and maturing in 2039.

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

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