Omaha Public Power District, Neb., to price $150 million revenue bonds

By Sheri Kasprzak

New York, May 25 - The Omaha Public Power District of Nebraska plans to sell $150 million of series 2011A electric system revenue bonds, said a preliminary official statement.

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 Jones & Co. Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC.

The bonds are due 2014 to 2022.

Proceeds will be used to make upgrades to the city's electric system, as well as refund its series 2002B, 2003A and 2005A bonds.

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