Omaha Public Power, Neb., organizes $62 million electric revenue bonds

By Sheri Kasprzak

New York, Oct. 8 – The Omaha Public Power District is set to price $62 million of series 2014 electric system subordinated revenue bonds, according to a preliminary official statement.

The deal includes $37 million of series 2014CC bonds and $25 million of series 2014DD 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 maturities have not been set.

Proceeds will be used to finance capital improvements to the electric system, as well as to refund the district’s series 2007AA bonds and redeem its series 2006A bonds.

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