NPPD to issue up to $235 million in bonds

January 24, 2012

Columbus, Neb. – The Nebraska Public Power District plans to issue approximately $235 million of fixed-rate, tax-exempt bonds during the week of January 30, 2012. An order period for retail and institutional investors is scheduled for January 31.

Proceeds from the bond sale will be used to finance the costs of certain generation and transmission capital additions to NPPD’s system, and 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 J. P. Morgan as its senior bond underwriter. Other underwriting firms include Barclays Capital, BMO Capital Markets, Goldman, Sachs & Co., Morgan Stanley, Ramirez & Co., Inc., RBC Capital Markets, Wells Fargo Bank, National Association, Ameritas Investment Corp., D.A. Davidson & Co., Edward D. Jones & Co. L.P., Piper Jaffray & Co., Smith Hayes Financial Services Corp., and US Bancorp.

The bonds will be repaid over a 22-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/.

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