By Sheri Kasprzak
New York, March 18 – The Louisiana Public Facilities Authority sold $198.68 million of series 2016 revenue bonds for Entergy Louisiana, LLC, said a form 8-K filed with the Securities and Exchange Commission.
The deal included $83.68 million of series 2016A refunding bonds and $115 million of series 2016B refunding bonds.
The 2016A bonds are due Sept. 1, 2028 and have a 3.375% coupon priced at 99 to yield 3.474%, and the 2016B bonds are due June 1, 2030 and have a 3.5% coupon priced at 98.891 to yield 3.60%.
The bonds (A2/A-) were sold through Morgan Stanley & Co. LLC.
Proceeds will be used to refund certain of Entergy’s pollution control revenue bonds.
| Issuer: | Louisiana Public Facilities Authority/Entergy Louisiana, LLC
|
| Issue: | Series 2016 revenue bonds
|
| Amount: | $198.68 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: A-
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| Pricing date: | March 11
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| Settlement date: | March 18
|
|
|
| $83.68 million series 2016A refunding bonds
|
| Maturity | Type | Coupon | Price | Yield
|
| Sept. 1, 2028 | Term | 3.375% | 99 | 3.474%
|
|
|
| $115 million series 2016B refunding bonds
|
| Maturity | Type | Coupon | Price | Yield
|
| June 1, 2030 | Term | 3.5% | 98.891 | 3.60%
|
|
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