The Nebraska Public Power District plans to issue approximately $250 million of fixed-rate, tax-exempt bonds on Oct. 15, NPPD announced Monday. The bond sale will include an order period for retail and institutional investors.
Proceeds from the sale will be used to finance the costs of some of the generation and transmission capital additions to NPPD’s system and to refund a portion of the District’s outstanding general revenue bonds.
The proceeds will also be used to pay financing costs.
It is currently anticipated that the bonds will be issued in $5,000 denominations or any integral multiple thereof.
NPPD has selected Bank of America/Merrill Lynch as its senior bond underwriter. Other underwriting firms include Goldman, Sachs & Co., J.P. Morgan, Ramirez & Co., Inc., Wells Fargo Bank, National Association, Ameritas Investment Corp., D.A. Davidson & Co., Piper Jaffray & Co., RBC Capital Markets, and US Bancorp.
The bonds will be repaid over a 30-year period.
Individuals interested in purchasing the bonds should contact their broker or financial advisor.