Columbus, Neb.– The Nebraska Public Power District plans to issue approximately $64 million of fixed-rate, tax-exempt bonds during the week of May 9, 2011. An order period for retail and institutional investors is scheduled for May 9.
Proceeds from the bond sale will be used to refund commercial paper, which was issued to finance nuclear fuel for the District. The proceeds will also be used to make a deposit to the debt service reserve and 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 Wells Fargo Bank, National Association, as its senior bond underwriter. Other underwriting firms include Barclays Capital, BMO Capital Markets, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, Ramirez & Co., Inc., RBC Capital Markets, Ameritas Investment Corp., D.A. Davidson & Co., Edward D. Jones & Co. L.P., Piper Jaffray & Co., Smith Hayes Financial Services Corp., and U.S. Bancorp.
The bonds will be repaid over a six-year period. Individuals interested in purchasing the bonds should contact their broker or financial advisor.
NPPD’s Preliminary Official Statement and the information contained therein is subject to completion, amendment or other change without any notice. The bonds described therein may not be sold, nor may offers to buy be accepted prior to the time the Official Statement is delivered in final form. Under no circumstances shall the Preliminary Official Statement constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of any such jurisdiction. A Preliminary Official Statement is available for review at http://www.nppd.com/about-us/financial-information/.