By Sheri Kasprzak
New York, Nov. 16 - The Omaha Public Power District of Nebraska sold $278.395 million of series 2011 electric system revenue bonds, according to a pricing sheet.
The deal included $140.465 million of series 2011B bonds and $137.93 million of series 2011C bonds.
The 2011B bonds are due 2013 to 2030 with 2% to 5% coupons.
The 2011C bonds are due 2023 to 2029 with term bonds due in 2031, 2036, 2039 and 2042. The serial coupons range from 3.25% to 5%.
The 2031 bonds have a 4% coupon priced at par.
The 2036 bonds have a split maturity with a 4% coupon priced at 97.425 and a 5% coupon priced at 106.241.
The 2039 bonds have a 5% coupon priced at 105.929, and the 2042 bonds have a 5% coupon priced at 105.774.
The bonds (Aa1/AA/) were sold through senior managers Bank of America Merrill Lynch and J.P. Morgan Securities LLC.
The co-managers were Ameritas Investment Corp., Citigroup Global Markets Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets LLC, Goldman Sachs & Co., Morgan Stanley & Co. LLC, Piper Jaffray & Co., Ramirez & Co. Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC.
Proceeds will fund capital expenditures and refund existing debt.
Issuer: | Omaha Public Power District
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Issue: | Series 2011 electric system revenue bonds
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Amount: | $278.395 million
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Type: | Negotiated
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Underwriters: | Bank of America Merrill Lynch and J.P. Morgan Securities LLC (lead); Ameritas Investment Corp.; Citigroup Global Markets Inc.; Edward D. Jones & Co. LP; Fidelity Capital Markets LLC; Goldman Sachs & Co.; Morgan Stanley & Co. LLC; Piper Jaffray & Co.; Ramirez & Co. Inc.; RBC Capital Markets LLC; and Wells Fargo Securities LLC (co-managers)
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Ratings: | Moody's: Aa1
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| Standard & Poor's: AA
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Pricing date: | Nov. 16
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Settlement date: | Dec. 16
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$140.465 million series 2011B bonds
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Amount | Maturity | Type | Coupon | Price
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$890,000 | 2013 | Serial | 2% | 101.669
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$6.805 million | 2014 | Serial | 4% | 106.86
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$6.805 million | 2015 | Serial | 5% | 112.176
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$6.8 million | 2016 | Serial | 3% | 106.722
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$4.295 million | 2017 | Serial | 4% | 111.449
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$2.195 million | 2017 | Serial | 5% | 116.342
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$9.725 million | 2018 | Serial | 5% | 118.159
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$1.22 million | 2019 | Serial | 2.5% | 102.499
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$8.565 million | 2019 | Serial | 5% | 118.95
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$9.815 million | 2020 | Serial | 5% | 119.33
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$10.13 million | 2021 | Serial | 5% | 119.74
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$6.485 million | 2022 | Serial | 5% | 118.222
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$9.625 million | 2023 | Serial | 5% | 116.379
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$9.62 million | 2024 | Serial | 5% | 114.74
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$8.96 million | 2025 | Serial | 5% | 112.96
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$8.96 million | 2026 | Serial | 5% | 111.958
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$8.065 million | 2027 | Serial | 5% | 111.049
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$8.065 million | 2028 | Serial | 5% | 110.23
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$7.17 million | 2029 | Serial | 5% | 109.418
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$6.27 million | 2030 | Serial | 5% | 108.773
|
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$137.93 million series 2011C bonds
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Amount | Maturity | Type | Coupon | Price
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$4.26 million | 2023 | Serial | 5% | 116.379
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$4.47 million | 2024 | Serial | 5% | 114.74
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$1.12 million | 2025 | Serial | 3.25% | 99.047
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$3.575 million | 2025 | Serial | 5% | 112.96
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$4.91 million | 2026 | Serial | 5% | 111.958
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$490,000 | 2027 | Serial | 3.5% | 99.184
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$4.665 million | 2027 | Serial | 5% | 111.049
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$5.405 million | 2028 | Serial | 5% | 110.23
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$350,000 | 2029 | Serial | 3.625% | 98.179
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$5.325 million | 2029 | Serial | 5% | 109.418
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$12.15 million | 2031 | Term | 4% | 100
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$3.215 million | 2036 | Term | 4% | 97.425
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$32.315 million | 2036 | Term | 5% | 106.241
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$25.805 million | 2039 | Term | 5% | 105.929
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$29.875 million | 2042 | Term | 5% | 105.774
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