By Sheri Kasprzak
New York, Nov. 16 - The Omaha Public Power District of Nebraska sold $278.395 million of series 2011 electric system revenue bonds, according to a pricing sheet.
The deal included $140.465 million of series 2011B bonds and $137.93 million of series 2011C bonds.
The 2011B bonds are due 2013 to 2030 with 2% to 5% coupons.
The 2011C bonds are due 2023 to 2029 with term bonds due in 2031, 2036, 2039 and 2042. The serial coupons range from 3.25% to 5%.
The 2031 bonds have a 4% coupon priced at par.
The 2036 bonds have a split maturity with a 4% coupon priced at 97.425 and a 5% coupon priced at 106.241.
The 2039 bonds have a 5% coupon priced at 105.929, and the 2042 bonds have a 5% coupon priced at 105.774.
The bonds (Aa1/AA/) were sold through senior managers Bank of America Merrill Lynch and J.P. Morgan Securities LLC.
The co-managers were 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.
Proceeds will fund capital expenditures and refund existing debt.
| Issuer: | Omaha Public Power District
|
| Issue: | Series 2011 electric system revenue bonds
|
| Amount: | $278.395 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and J.P. Morgan Securities LLC (lead); 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 (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Pricing date: | Nov. 16
|
| Settlement date: | Dec. 16
|
|
|
| $140.465 million series 2011B bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $890,000 | 2013 | Serial | 2% | 101.669
|
| $6.805 million | 2014 | Serial | 4% | 106.86
|
| $6.805 million | 2015 | Serial | 5% | 112.176
|
| $6.8 million | 2016 | Serial | 3% | 106.722
|
| $4.295 million | 2017 | Serial | 4% | 111.449
|
| $2.195 million | 2017 | Serial | 5% | 116.342
|
| $9.725 million | 2018 | Serial | 5% | 118.159
|
| $1.22 million | 2019 | Serial | 2.5% | 102.499
|
| $8.565 million | 2019 | Serial | 5% | 118.95
|
| $9.815 million | 2020 | Serial | 5% | 119.33
|
| $10.13 million | 2021 | Serial | 5% | 119.74
|
| $6.485 million | 2022 | Serial | 5% | 118.222
|
| $9.625 million | 2023 | Serial | 5% | 116.379
|
| $9.62 million | 2024 | Serial | 5% | 114.74
|
| $8.96 million | 2025 | Serial | 5% | 112.96
|
| $8.96 million | 2026 | Serial | 5% | 111.958
|
| $8.065 million | 2027 | Serial | 5% | 111.049
|
| $8.065 million | 2028 | Serial | 5% | 110.23
|
| $7.17 million | 2029 | Serial | 5% | 109.418
|
| $6.27 million | 2030 | Serial | 5% | 108.773
|
|
|
| $137.93 million series 2011C bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $4.26 million | 2023 | Serial | 5% | 116.379
|
| $4.47 million | 2024 | Serial | 5% | 114.74
|
| $1.12 million | 2025 | Serial | 3.25% | 99.047
|
| $3.575 million | 2025 | Serial | 5% | 112.96
|
| $4.91 million | 2026 | Serial | 5% | 111.958
|
| $490,000 | 2027 | Serial | 3.5% | 99.184
|
| $4.665 million | 2027 | Serial | 5% | 111.049
|
| $5.405 million | 2028 | Serial | 5% | 110.23
|
| $350,000 | 2029 | Serial | 3.625% | 98.179
|
| $5.325 million | 2029 | Serial | 5% | 109.418
|
| $12.15 million | 2031 | Term | 4% | 100
|
| $3.215 million | 2036 | Term | 4% | 97.425
|
| $32.315 million | 2036 | Term | 5% | 106.241
|
| $25.805 million | 2039 | Term | 5% | 105.929
|
| $29.875 million | 2042 | Term | 5% | 105.774
|
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