Entergy Texas to redeem its 7.875% bonds due 2039 via new bonds

By Tali Rackner

Norfolk, Va., May 13 - Entergy Texas, Inc. plans to redeem its outstanding 7.875% bonds due June 1, 2039 with the proceeds from a first mortgage bond offering, according to a 424B3 filing with the Securities and Exchange Commission.

The company will invest the remaining proceeds in short-term, highly liquid, high-rated money market instruments and/or the Entergy System money pool.

The electric company is based in Beaumont, Texas.

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