Omaha Public Power District to sell $111.15 million revenue bonds

By Sheri Kasprzak

New York, July 15 – The Omaha Public Power District is expected to price $111.15 million of series 2014 electric system subordinate revenue bonds, according to a preliminary official statement.

The deal includes $86,325,000 of series 2014AA bonds and $24,825,000 of series 2014BB bonds.

The bonds (Aa3/AA-/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Edward D. Jones & Co. LP as the senior managers.

The co-managers are Ameritas Investment Corp., BofA Merrill Lynch, Citigroup Global Markets Inc., Fidelity Capital Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Piper Jaffray & Co., Ramirez & Co. Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to refund the district’s series 2007AA, 2005B and 2006C revenue bonds.

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