The Omaha Public Power District of Nebraska (the "District") is expected to come to market with $178 million1 in Electric System Revenue Bonds (the "Bonds"). The Bonds will be issued for valid corporate purposes of the District including the advance refunding of outstanding Electric System Revenue Bonds and paying the costs and expenses incurred in the issuance of the 2016 Bonds.
The 2016 Bonds will be payable from and secured by a pledge of and lien upon the revenues, income, receipts and profits of the Electric System, subject to the prior payment therefrom of the operations and maintenance expenses of the Electric System. The 2016 Bonds shall not be obligations of the state of Nebraska or of any of its political subdivisions, other than the District, nor shall said state or any of its political subdivisions, other than the District, be liable for the payment of the principal of and interest on the 2016 Bonds. The District has no taxing power.
These bonds are rated Aa2 by Moody's and AA by S&P.2
Traditionally, municipal bonds will be subject to optional call features, and term bonds will generally have a Mandatory Sinking Fund feature. Please review the structure on the day of the pricing before placing an order.
The bond sale offers attractive benefits to individual investors, including: prices and yields that match those available to institutional investors; the potential for stable income through the call dates; and, for Nebraska residents, federal and state tax exemption on the bond coupon payments.
How to place an order
Individual investors may place orders during the week of August 1, 2016.1 Individual investors can place orders onlineLog In Required or by calling a Fidelity representative at 800-544-5372. To stay up-to-date on pricing, credit rating changes, and more, please sign up for Fidelity Alerts or visit our Municipal Bond New Issue Offerings page.