By Sheri Kasprzak
New York, April 27 - The Fort Bend County Industrial Development Corp. of Texas sold $54 million of series 2012 industrial development revenue bonds for NRG Energy Inc., according to an official statement. The bonds are being issued as qualified Hurricane Ike disaster area bonds, according to the statement.
The bonds are due May 1, 2038, and bear interest initially at the weekly rate. New rates become effective every Thursday beginning May 10.
Bank of America Merrill Lynch was the senior manager for the offering.
Proceeds will be used to construct and improve facilities to capture and sequester carbon dioxide from the flue gas produced by one of the coal-fired power generation units at the WA Parish Electric Generating Station in Thompsons, Texas, which is operated by NRG.
| Issuer: | Fort Bend County Industrial Development Corp./NRG Energy Inc.
|
| Issue: | Series 2012 industrial development revenue bonds
|
| Amount: | $54 million
|
| Maturity: | May 1, 2038
|
| Coupon: | Weekly
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch (lead)
|
| Pricing date: | April 26
|
| Settlement date: | May 3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
