The Nebraska Public Power District plans to refinance by issuing approximately $140 million of fixed-rate, tax-exempt bonds on Oct. 29, the district announced Friday.
Proceeds from the bond sale will be used to refund some outstanding general revenue bonds and pay financing costs, NPPD spokesman Mark Becker said.
It is anticipated that the bonds will be issued in $5,000 denominations or any integral multiple thereof.
NPPD has selected Goldman, Sachs & Co. as its senior bond underwriter. The bonds will be repaid over a 20-year period, Becker said.