Published on 8/21/2009 in the Prospect News Municipals Daily.
New Issue: Central Plains Energy Project, Neb., sells $718.45 million variable-rate bonds at 0.38%
By Sheri Kasprzak
New York, Aug. 21 - The Central Plains Energy Project of Nebraska sold $718.445 million in series 2009 gas project variable-rate revenue bonds on Tuesday, according to a pricing term sheet.
The bonds (Aaa/VMIG1) were sold through RBC Capital Markets Corp. and Goldman, Sachs & Co.
The bonds are due Aug. 1, 2039 and initially bear interest at 0.38%. The bonds were priced at par, and the rate resets weekly.
Proceeds will be used to fund the prepayment of a 30-year natural gas supply agreement.
| Issuer: | Central Plains Energy Project, Neb.
|
| Issue: | Series 2009 gas project variable-rate revenue bonds
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| Amount: | $718.445 million
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| Type: | Negotiated
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| Maturity: | Aug. 1, 2039
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| Coupon: | 0.38%
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| Price: | Par
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| Underwriters: | RBC Capital Markets Corp. and Goldman, Sachs & Co.
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| Rating: | Moody's: Aaa/VMIG1
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 19
|
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