NPPD to Disperse $250 Million in Bonds - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

NPPD to Disperse $250 Million in Bonds

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The Nebraska Public Power District is planning to issue around $250 million of fixed-rate, tax-exempt bonds on October 15. The bond sale will include an order period for retail and institutional investors.

Proceeds from the bond sale will be used to pay for the costs of some generation and transmission capital additions to NPPD's system. The sales will also go towards refunding a portion of the District's outstanding General Revenue Bonds. The proceeds will also be used to pay financing costs.

The bonds are expected to be issued in $5,000 denominations or any integral multiple, thereof.

NPPD has selected Bank of America/Merrill Lynch, as its senior bond underwriter.

The bonds will be repaid over a 30-year period. Those interested in purchasing the bonds should contact their broker or financial advisor.

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