Entergy Mississippi to redeem 4.95% first mortgage bonds via offering

By Tali Rackner

Norfolk, Va., March 18 - Entergy Mississippi, Inc. plans to redeem all of its outstanding $95 million 4.95% first mortgage bonds due June 1, 2018 with the proceeds from a new bond issue, according to a 424B3 filing with the Securities and Exchange Commission.

The bonds will be redeemed at par plus accrued interest to the redemption date.

Proceeds will also be used for general corporate purposes. Pending the application of the net proceeds of the bonds, the company said it will invest them in short-term, highly liquid, high-rated money market instruments and/or the Entergy system money pool.

The electric utility is based in New Orleans.

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