Published on 6/2/2011 in the Prospect News Municipals Daily.
New Issue: Omaha Public Power District prices $143.69 million of bonds
By Sheri Kasprzak
New York, June 2 - The Omaha Public Power District of Nebraska priced $143.69 million of series 2011A electric system revenue bonds, said a pricing sheet.
The bonds (Aa1/AA/) were sold through Goldman Sachs & Co. and Bank of America Merrill Lynch with Ameritas Investment Corp., Citigroup Global Markets Inc., Edward Jones & Co. Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC as the co-managers.
The bonds are due 2014 to 2024 with coupons from 3% to 5%.
Proceeds will be used to make upgrades to the city's electric system as well as refund its series 2002B, 2003A and 2005A bonds.
Issuer: | Omaha Public Power District
|
Issue: | Series 2011A electric system revenue bonds
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Amount: | $143.69 million
|
Type: | Negotiated
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Underwriters: | Goldman Sachs & Co. and Bank of America Merrill Lynch (lead), Ameritas Investment Corp., Citigroup Global Markets Inc., Edward Jones & Co. Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers)
|
Ratings: | Moody's: Aa1
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| Standard & Poor's: AA
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Pricing date: | June 2
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Settlement date: | June 15
|
|
Amount | Maturity | Type | Coupon | Price
|
$10.715 million | 2014 | Serial | 3% | 105.547
|
$3.675 million | 2014 | Serial | 4% | 108.14
|
$18.715 million | 2015 | Serial | 4% | 109.834
|
$15.02 million | 2015 | Serial | 5% | 113.372
|
$10.4 million | 2016 | Serial | 4% | 111.372
|
$25.945 million | 2016 | Serial | 5% | 115.832
|
$11.46 million | 2017 | Serial | 4% | 111.666
|
$9.46 million | 2017 | Serial | 5% | 116.993
|
$6.26 million | 2018 | Serial | 4% | 111.434
|
$6.385 million | 2019 | Serial | 5% | 117.792
|
$1.84 million | 2020 | Serial | 4% | 110.267
|
$4.605 million | 2020 | Serial | 5% | 117.93
|
$1.57 million | 2021 | Serial | 4% | 109.532
|
$5.485 million | 2021 | Serial | 5% | 117.895
|
$880,000 | 2023 | Serial | 3.125% | 99.274
|
$5.195 million | 2023 | Serial | 5% | NRO
|
$1.295 million | 2024 | Serial | 3.375% | 99.946
|
$4.785 million | 2024 | Serial | 5% | NRO
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