Published on 9/21/2012 in the Prospect News Municipals Daily.
New Issue: Omaha Public Power brings $499.37 million electric system revenue bonds
By Sheri Kasprzak
New York, Sept. 21 - The Omaha Public Power District of Nebraska brought $499.37 million of series 2012 electric system revenue bonds, said a pricing sheet.
The bonds were sold through Citigroup Global Markets Inc. and Goldman, Sachs & Co. The co-managers were RBC Capital Markets LLC, Wells Fargo Securities LLC, Ameritas Securities Corp., Fidelity Capital Markets LLC, J.P. Morgan Securities LLC, Edward D. Jones & Co. LP, Morgan Stanley & Co. LLC, Piper Jaffray & Co. LLC, Bank of America Merrill Lynch and Ramirez & Co. Inc.
The deal included $272,655,000 of series 2012A bonds and $226,715,000 of series 2012B bonds.
The 2012A bonds are due 2023 to 2034 with term bonds due in 2037 and 2042. The serial coupons range from 4% to 5%. The 2037 bonds have a 5% coupon priced at 114.733 and the 2042 bonds have a 5% coupon priced at 114.213.
The 2012B bonds are due 2017 to 2034 with term bonds due in 2039 and 2046. The serial coupons range from 3% to 5%. The 2039 bonds have a split maturity with a 3.75% coupon priced at par and a 5% coupon priced at 114.473. The 2046 bonds have a 4% coupon priced at 101.316.
Proceeds will be used for capital expenditures and refunding activity.
Issuer: | Omaha Public Power District
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Issue: | Series 2012 electric system revenue bonds
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Amount: | $499.37 million
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Type: | Negotiated
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Underwriters: | Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead), RBC Capital Markets LLC, Wells Fargo Securities LLC, Ameritas Securities Corp., Fidelity Capital Markets LLC, J.P. Morgan Securities LLC, Edward D. Jones & Co. LP, Morgan Stanley & Co. LLC, Piper Jaffray & Co. LLC, Bank of America Merrill Lynch and Ramirez & Co. Inc. (co-managers)
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Pricing date: | Sept. 21
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Settlement date: | Oct. 10
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$272,655,000 series 2012A bonds
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Amount | Maturity | Type | Coupon | Price
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$10.9 million | 2023 | Serial | 5% | 123.543
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$9,905,000 | 2024 | Serial | 5% | 122.787
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$10.19 million | 2025 | Serial | 5% | 121.943
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$10.66 million | 2026 | Serial | 5% | 121.198
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$11.06 million | 2027 | Serial | 5% | 120.643
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$11.65 million | 2028 | Serial | 5% | 120.091
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$12.05 million | 2029 | Serial | 5% | 119.542
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$12.48 million | 2030 | Serial | 4% | 107.812
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$11,835,000 | 2031 | Serial | 4% | 107.392
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$12,515,000 | 2032 | Serial | 4% | 106.974
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$12.99 million | 2033 | Serial | 4% | 106.309
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$13,245,000 | 2034 | Serial | 4% | 105.649
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$42.33 million | 2037 | Term | 5% | 114.733
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$90,845,000 | 2042 | Term | 5% | 114.213
|
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$226,715,000 series 2012B bonds
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Amount | Maturity | Type | Coupon | Price
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$5.63 million | 2017 | Serial | 3% | 109.164
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$6.37 million | 2017 | Serial | 4% | 113.387
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$5,085,000 | 2018 | Serial | 3% | 109.607
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$5,085,000 | 2019 | Serial | 4% | 115.252
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$5,085,000 | 2020 | Serial | 4% | 115.742
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$5,085,000 | 2021 | Serial | 3% | 108.255
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$4,115,000 | 2022 | Serial | 4% | 116.353
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$4,855,000 | 2023 | Serial | 5% | 123.543
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$4,855,000 | 2024 | Serial | 5% | 122.787
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$6,795,000 | 2025 | Serial | 5% | 121.943
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$2.68 million | 2026 | Serial | 3% | 100
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$4,115,000 | 2026 | Serial | 5% | 121.198
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$6,795,000 | 2027 | Serial | 4% | 110.547
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$9.71 million | 2028 | Serial | 5% | 120.091
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$9,705,000 | 2029 | Serial | 5% | 119.542
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$11.65 million | 2030 | Serial | 3.5% | 100
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$14.56 million | 2032 | Serial | 4% | 106.974
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$11.01 million | 2033 | Serial | 4% | 106.309
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$3.55 million | 2033 | Serial | 5% | 117.465
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$14.56 million | 2034 | Serial | 5% | 116.753
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$3.27 million | 2039 | Term | 3.75% | 100
|
$25.85 million | 2039 | Term | 5% | 114.473
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$56.3 million | 2046 | Term | 4% | 101.316
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