Omaha Public Power District, Neb., plans $245 million sale of bonds

By Sheri Kasprzak

New York, Oct. 25 - The Omaha Public Power District of Nebraska is set to sell $245 million in series 2010 electric system revenue bonds, according to a preliminary official statement.

The offering includes $120 million in series 2010A Build America Bonds and $125 million in series 2010B bonds.

The bonds (Aa1/AA/) will be sold on a negotiated basis with Goldman Sachs & Co. and Bank of America Merrill Lynch as the senior managers. The co-managers are Ameritas Investment Corp.; Citigroup Global Markets Inc.; Edward D. Jones & Co. LP.; J.P. Morgan Securities LLC; Morgan Stanley & Co. Inc.; RBC Capital Markets Corp.; and Wells Fargo Securities LLC.

The 2010A bonds are due 2022 to 2041, and the 2010B bonds are due 2011 to 2030.

Proceeds will be used to finance capital improvements.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.