By Devika Patel
Knoxville, Tenn., March 26 – Entergy New Orleans, LLC completed a private placement of $140 million first mortgage bonds on March 26, according to an 8-K filed with the Securities and Exchange Commission.
The bonds were sold in two tranches as follows:
• $78 million of 3% five-year bonds; and
• $62 million of 3.75% 20-year bonds.
Entergy New Orleans is a New Orleans-based electric and gas utility and subsidiary of Entergy Corp.
Issuer: | Entergy New Orleans, LLC
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Issue: | First mortgage bonds
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Amount: | $140 million
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Settlement date: | March 26
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Distribution: | Private placement
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Five-year notes
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Amount: | $78 million
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Maturity: | March 15, 2025
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Coupon: | 3%
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Call: | Make-whole call
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20-year notes
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Amount: | $62 million
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Maturity: | March 15, 2040
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Coupon: | 3.75%
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Call: | Make-whole call
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