Columbus, Neb. – The Nebraska Public Power District plans to issue approximately $140 million of fixed-rate, tax-exempt bonds on October 29, 2013. The bond sale will include an order period for retail and institutional investors.
Proceeds from the bond sale will be used to refund a portion of the 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 Goldman, Sachs & Co.as its senior bond underwriter. Other underwriting firms include Bank of America/Merrill Lynch, J.P. Morgan, Morgan Stanley, 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 20-year period. Individuals interested in purchasing the bonds should contact their broker or financial advisor.