By Sheri Kasprzak
New York, Oct. 16 – The Omaha Public Power District sold $132.62 million of series 2014 electric system subordinated revenue bonds, according to a pricing sheet.
The deal include $108.39 million of series 2014CC bonds and $24.23 million of series 2014DD bonds.
The 2014CC bonds are due 2031, 2035 and 2038. The 2031 bonds have a 4% coupon priced at 107.927 to yield 3.01%, and the 2035 bonds have a 4% coupon priced at 106.102 to yield 3.23%. The 2038 bonds have a 4% coupon priced at 105.041 to yield 3.36%. The 2014DD bonds are due Feb. 1, 2040 and have a 3.625% coupon priced at par.
The bonds (Aa3/AA-/) were sold through Morgan Stanley & Co. LLC and Edward D. Jones & Co. LP.
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.
| Issuer: | Omaha Public Power District
|
| Issue: | Series 2014 electric system subordinated revenue bonds
|
| Amount: | $132.62 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC and Edward D. Jones & Co. LP
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Pricing date: | Oct. 16
|
| Settlement date: | Nov. 6
|
|
|
| $108.39 million series 2014CC bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $4.63 million | 2031 | Term | 4% | 107.927 | 3.01%
|
| $24.65 million | 2035 | Term | 4% | 106.102 | 3.23%
|
| $79,115,000 | 2038 | Term | 4% | 105.041 | 3.36%
|
|
|
| $24.23 million series 2014DD bonds
|
| Maturity | Type | Coupon | Price
|
| Feb. 1, 2040 | Term | 3.625% | 100
|
|
|
© 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.
