By Sheri Kasprzak
New York, Oct. 11 - The Fort Bend County Industrial Development Corp. of Texas priced $127.1 million of series 2012 industrial development revenue bonds for NRG Energy Inc., said a pricing sheet.
The bonds (Baa3) were sold through Bank of America Merrill Lynch.
The deal included $54 million of series 2012A bonds and $73.1 million of series 2012B bonds.
The 2012A bonds are due May 1, 2038, and have a 4.75% coupon priced at par and the 2012B bonds are due Nov. 1, 2042, and have a 4.75% coupon priced at par.
Proceeds will be used to construct and install facilities to capture and sequester carbon dioxide for NRG properties.
Issuer: | Fort Bend County Industrial Development Corp./NRG Energy Inc.
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Issue: | Series 2012 industrial development revenue bonds
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Amount: | $127.1 million
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Type: | Negotiated
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Underwriter: | Bank of America Merrill Lynch (lead)
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Rating: | Moody's: Baa3
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Pricing date: | Oct. 11
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Settlement date: | Oct. 18
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$54 million series 2012A bonds
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Maturity | Type | Coupon | Price
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May 1, 2038 | Term | 4.75% | 100
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$73.1 million series 2012B bonds
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Maturity | Type | Coupon | Price
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Nov. 1, 2042 | Term | 4.75% | 100
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