Fort Bend County IDC, Texas, plans $127.1 million of NRG Energy bonds

By Sheri Kasprzak

New York, Oct. 3 - The Fort Bend County Industrial Development Corp. is set to price $127.1 million of series 2012 industrial development revenue bonds for NRG Energy Inc., according to a preliminary official statement.

The deal includes $54 million of series 2012A bonds and $73.1 million of series 2012B bonds.

The 2012A bonds are due May 1, 2038, and the 2012B bonds are due Nov. 1, 2042.

The bonds (Baa3) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager.

Proceeds will be used to construct and install facilities to capture and sequester carbon dioxide for NRG properties.

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