Omaha Public Power District delays sale of $105 million revenue bonds

By Sheri Kasprzak

New York, Sept. 18 - The Omaha Public Power District has postponed the sale of its $105 million in series 2008A electric system revenue bonds, said Kristine Dungan, special financial analyst for the district, Thursday.

The bonds were slated to sell Wednesday through lead manager Wachovia Bank.

"Due to the overall turmoil in the financial markets, the district has postponed the sale of the 2008A bonds," Dungan said Thursday.

"The district's preference is to let the market settle and resume the bond sale in a few weeks."

The bonds are due 2009 to 2043.

The proceeds will be used for capital expenditures.

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