The Nebraska Public Power District plans to issue approximately $120 million of fixed-rate, tax-exempt bonds, and approximately $60 million of fixed-rate, taxable bonds on Tuesday, October 18. The bond sale will include an order period for retail and institutional investors.

Proceeds from the tax-exempt bond sale will be used to finance the costs of generation and transmission capital additions to NPPD’s system and to refund a portion of Commercial Paper Notes. Proceeds from the taxable bond sale will be used to fund a portion of NPPD’s liability associated with its other post-employment benefits. Bond 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 Morgan Stanley as its senior bond underwriter. Other underwriting firms include Bank of America/Merrill Lynch, Goldman, Sachs & Co., Wells Fargo Bank, National Association, Ameritas Investment Corp., D.A. Davidson & Co., Piper Jaffray & Co., RBC Capital Markets, and US Bancorp.

The tax-exempt bonds will be repaid over a 30-year period, and the taxable bonds will be repaid over an 18-year period. Individuals interested in purchasing the bonds should contact their broker or financial advisor.