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News Brief

March 21, 2017LINCOLN, Neb. |  By: Nienow

Nebraska Public Power District to issue $85 million in bonds

The Nebraska Public Power District is planning to issue approximately $85 million of fixed-rate, tax-exempt bonds on Wednesday. The bond sales will include an order period for retail and institutional investors.

Proceeds from the bond sales will be used to refund a portion of the outstanding general revenue bonds. The proceeds will also be used to pay for financing costs. Supervisor of Media Services for the Nebraska Public Power District Mark Becker says the power district will use these bonds to pay for things like construction costs and transmission lines.

It is anticipated that the bonds will be issued in $5,000 increments.