Omaha Public Power preps $300 million of electric system revenue bonds

By Sheri Kasprzak

New York, Nov. 9 - The Omaha Public Power District is set to price $300 million of series 2011 electric system revenue bonds, according to a preliminary official statement.

The deal includes $150 million of series 2011B bonds and $150 million of series 2011C bonds.

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

The maturity dates have not been set.

Proceeds will be used to fund capital expenditures and refund debt.

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