By Sheri Kasprzak
New York, Oct. 16 – The Omaha Public Power District sold $132.62 million of series 2014 electric system subordinated revenue bonds, according to a pricing sheet.
The deal include $108.39 million of series 2014CC bonds and $24.23 million of series 2014DD bonds.
The 2014CC bonds are due 2031, 2035 and 2038. The 2031 bonds have a 4% coupon priced at 107.927 to yield 3.01%, and the 2035 bonds have a 4% coupon priced at 106.102 to yield 3.23%. The 2038 bonds have a 4% coupon priced at 105.041 to yield 3.36%. The 2014DD bonds are due Feb. 1, 2040 and have a 3.625% coupon priced at par.
The bonds (Aa3/AA-/) were sold through Morgan Stanley & Co. LLC and Edward D. Jones & Co. LP.
Proceeds will be used to finance capital improvements to the electric system, as well as to refund the district’s series 2007AA bonds and redeem its series 2006A bonds.
Issuer: | Omaha Public Power District
|
Issue: | Series 2014 electric system subordinated revenue bonds
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Amount: | $132.62 million
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Type: | Negotiated
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Underwriters: | Morgan Stanley & Co. LLC and Edward D. Jones & Co. LP
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Ratings: | Moody’s: Aa3
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| Standard & Poor’s: AA-
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Pricing date: | Oct. 16
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Settlement date: | Nov. 6
|
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$108.39 million series 2014CC bonds
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Amount | Maturity | Type | Coupon | Price | Yield
|
$4.63 million | 2031 | Term | 4% | 107.927 | 3.01%
|
$24.65 million | 2035 | Term | 4% | 106.102 | 3.23%
|
$79,115,000 | 2038 | Term | 4% | 105.041 | 3.36%
|
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$24.23 million series 2014DD bonds
|
Maturity | Type | Coupon | Price
|
Feb. 1, 2040 | Term | 3.625% | 100
|
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