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.
