Published on 2/18/2015 in the Prospect News Municipals Daily.
New Issue: Omaha Public Power offers up $94.15 million of electric revenue bonds
By Sheri Kasprzak
New York, Feb. 18 – The Omaha Public Power District of Nebraska sold $94,145,000 of series 2015C electric system revenue bonds, according to a pricing sheet.
The bonds (Aa2/AA/) were sold through senior managers BofA Merrill Lynch and J.P. Morgan Securities LLC.
The bonds are due 2032 to 2043 with 3.5% to 5% coupons and 3.45% to 3.7% yields.
Proceeds will be used to refund the district’s series 2007A revenue bonds.
| Issuer: | Omaha Public Power District
|
| Issue: | Series 2015C electric system revenue bonds
|
| Amount: | $94,145,000
|
| Type: | Negotiated
|
| Underwriters: | BofA Merrill Lynch and J.P. Morgan Securities LLC (lead)
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: AA
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 26
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $875,000 | 2032 | Serial | 4% | 104.589 | 3.45%
|
| $2,595,000 | 2033 | Serial | 4% | 104.332 | 3.48%
|
| $4.39 million | 2034 | Serial | 4% | 104.076 | 3.51%
|
| $1,265,000 | 2035 | Serial | 4% | 103.566 | 3.57%
|
| $3,035,000 | 2036 | Serial | 3.5% | 96.96 | 3.71%
|
| $15.09 million | 2038 | Serial | 4% | 103.144 | 3.62%
|
| $34,165,000 | 2039 | Serial | 5% | 115.76 | 3.14%
|
| $2.6 million | 2041 | Serial | 4% | 102.555 | 3.69%
|
| $3.75 million | 2042 | Serial | 4% | 102.472 | 3.70%
|
| $26.38 million | 2043 | Serial | 5% | 115.207 | 3.20%
|
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