Published on 11/4/2010 in the Prospect News Municipals Daily.
New Issue: Omaha Public Power District, Neb., brings $120 million of electric system revenue bonds
By Sheri Kasprzak
New York, Nov. 4 - The Omaha Public Power District of Nebraska priced $120 million of series 2010 electric system revenue bonds (Aa1/AA/) on Thursday, said a term sheet.
The bonds were sold through Goldman, Sachs & Co. and Bank of America Merrill Lynch, with Ameritas Investment Corp., Citigroup Global Markets Inc., Edward D. Jones & Co. LP, J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc., RBC Capital Markets Corp. and Wells Fargo Securities LLC as the co-managers.
The bonds are due Feb. 1, 2041 and have a 5.431% coupon priced at par.
Proceeds will be used to finance capital improvements.
Issuer: | Omaha Public Power District
|
Issue: | Series 2010 electric system revenue bonds
|
Amount: | $120 million
|
Maturity: | Feb. 1, 2041
|
Coupon: | 5.431%
|
Price: | 100
|
Type: | Negotiated
|
Underwriters: | Goldman, Sachs & Co. and Bank of America Merrill Lynch (lead), Ameritas Investment Corp., Citigroup Global Markets Inc., Edward D. Jones & Co. LP, J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc., RBC Capital Markets Corp. and Wells Fargo Securities LLC (co-managers)
|
Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
Pricing date: | Nov. 4
|
Settlement date: | Nov. 17
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.