Published on 6/2/2011 in the Prospect News Municipals Daily.
New Issue: Omaha Public Power District prices $143.69 million of bonds
By Sheri Kasprzak
New York, June 2 - The Omaha Public Power District of Nebraska priced $143.69 million of series 2011A electric system revenue bonds, said a pricing sheet.
The bonds (Aa1/AA/) were sold through Goldman Sachs & Co. and Bank of America Merrill Lynch with 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 as the co-managers.
The bonds are due 2014 to 2024 with coupons from 3% to 5%.
Proceeds will be used to make upgrades to the city's electric system as well as refund its series 2002B, 2003A and 2005A bonds.
| Issuer: | Omaha Public Power District
|
| Issue: | Series 2011A electric system revenue bonds
|
| Amount: | $143.69 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman Sachs & Co. and Bank of America Merrill Lynch (lead), 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 (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Pricing date: | June 2
|
| Settlement date: | June 15
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $10.715 million | 2014 | Serial | 3% | 105.547
|
| $3.675 million | 2014 | Serial | 4% | 108.14
|
| $18.715 million | 2015 | Serial | 4% | 109.834
|
| $15.02 million | 2015 | Serial | 5% | 113.372
|
| $10.4 million | 2016 | Serial | 4% | 111.372
|
| $25.945 million | 2016 | Serial | 5% | 115.832
|
| $11.46 million | 2017 | Serial | 4% | 111.666
|
| $9.46 million | 2017 | Serial | 5% | 116.993
|
| $6.26 million | 2018 | Serial | 4% | 111.434
|
| $6.385 million | 2019 | Serial | 5% | 117.792
|
| $1.84 million | 2020 | Serial | 4% | 110.267
|
| $4.605 million | 2020 | Serial | 5% | 117.93
|
| $1.57 million | 2021 | Serial | 4% | 109.532
|
| $5.485 million | 2021 | Serial | 5% | 117.895
|
| $880,000 | 2023 | Serial | 3.125% | 99.274
|
| $5.195 million | 2023 | Serial | 5% | NRO
|
| $1.295 million | 2024 | Serial | 3.375% | 99.946
|
| $4.785 million | 2024 | Serial | 5% | NRO
|
© 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.
