New Issue: Central Plains Energy Project, Neb., sells $608.68 million revenue bonds

By Sheri Kasprzak

New York, April 27 - Central Plains Energy Project of Nebraska priced $608,675,000 of series 2012 gas project revenue bonds, said a pricing sheet.

The bonds (A1/A-/A) were sold through senior managers Goldman, Sachs & Co. and RBC Capital Markets LLC.

The bonds are due 2013 to 2022 with term bonds due in 2027, 2032, 2037 and 2042. The serial coupons range from 3% to 5%. The 2027 bonds have a 5% coupon priced at 103.837 and the 2032 bonds have a 5% coupon priced at 101.444. The 2037 bonds have a 5.25% coupon priced at 103.008 and the 2042 bonds have a 5% coupon priced at 99.221.

Proceeds will be used to finance the acquisition of natural gas according to a prepaid agreement.

Issuer:	Central Plains Energy Project, Neb.
Issue:	Series 2012 gas project revenue bonds
Amount:	$608,675,000
Type:	Negotiated
Underwriters:	Goldman, Sachs & Co. and RBC Capital Markets LLC (lead)
Ratings:	Moody's: A1
Standard & Poor's: A-
Fitch: A
Pricing date:	April 27
Settlement date:	May 2
Amount	Maturity	Type	Coupon	Price
$3.83 million	2013	Serial	3%	101.967
$3,755,000	2014	Serial	4%	104.997
$3.91 million	2015	Serial	5%	109.11
$4.3 million	2016	Serial	5%	110.63
$4.33 million	2017	Serial	5%	111.081
$4.55 million	2018	Serial	5%	111.449
$4.78 million	2019	Serial	5%	111.122
$5.21 million	2020	Serial	5%	110.753
$5,285,000	2021	Serial	5%	109.842
$7.45 million	2022	Serial	5%	109.274
$86.97 million	2027	Term	5%	103.837
$116.19 million	2032	Term	5%	101.444
$149,275,000	2037	Term	5.25%	103.008
$208.84 million	2042	Term	5%	99.221

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