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Idaho Power prices $166.1 million remarketing of 5.15%, 5¼% bonds
By Aaron Hochman-Zimmerman
New York, Aug. 18 - Idaho Power Co. priced a $166.1 million remarketing via agent J.P. Morgan Securities Inc. of Humboldt County, Nev., pollution control revenue refunding bonds and Sweetwater County, Wyo., pollution control revenue refunding bonds, according to an SEC filing.
The $49.8 million Humboldt County bonds will bear an interest rate of 5.15% from Aug. 20, 2009 to Nov. 30, 2024, while the $116.3 million Sweetwater County bonds will bear interest of 5¼% from Aug. 20, 2009 to July 14, 2026.
Both bonds will priced at par on Thursday.
The bonds will carry insurance from Ambac Assurance Corp.
The Idaho Power Co. is located in Boise, Idaho.
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