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COLUMBUS, Neb. (AP) - Nebraska's largest public power utility plans to issue about $300 million of fixed-rate, tax-exempt bonds beginning later this month.
The Nebraska Public Power District said the bonds, in $5,000 denominations, will be issued beginning Jan. 26.
The proceeds from the bonds will be used to repay some of NPPD's existing bonds and to pay financing costs.
The fixed-rate, taxable bonds will be sold to retail and institutional investors.
The bonds will be repaid over a 25-year period. Individuals interested in purchasing bonds should contact their broker.
© Associated Press
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