Published on 11/19/2021 in the Prospect News Private Placement Daily.
New Issue: Entergy New Orleans wraps $160 million two-part placement of bonds
By Wendy Van Sickle
Columbus, Ohio, Nov. 19 – Entergy New Orleans, LLC completed a private placement of $160 million first mortgage bonds on Nov. 19, according to an 8-K filed with the Securities and Exchange Commission.
The bonds were sold as $90 million of 4.19% 10-year bonds and $70 million of 4.51% 15-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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| Amount: | $160 million
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| Issue: | First mortgage bonds
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| Settlement date: | Nov. 19
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| Distribution: | Private placement
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| 10-year notes
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| Amount: | $90 million
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| Maturity: | Nov. 19, 2031
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| Coupon: | 4.19%
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| Call: | Make-whole call until Aug. 19, 2031, then a par call
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| 15-year notes
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| Amount: | $70 million
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| Maturity: | Nov. 19, 2036
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| Coupon: | 4.51%
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| Call: | Make-whole call until Aug. 19, 2036, then a par call
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