EntergyLouisiana LLC sold $400 million of its collateral trust mortgage bonds dueOct. 1, 2026.
The 2.40% bonds offer a spread to benchmark Treasury of 90 basispoints. Interest on the bonds are payable twice a year starting April 1, 2017.
The EntergyCorp. subsidiary will use proceeds from the sale of the bonds torepay $57.5 million of its outstanding 8.09% Waterford 3 Secured LeaseObligation bonds due Jan. 2, 2017, and for general corporate purposes.
The sale of the securities closed Oct. 4, according to aForm 8-K filed the same day.
BNP Paribas Securities Corp., Goldman, Sachs & Co.,KeyBanc Capital Markets Inc., SMBC Nikko Securities America Inc. and U.S.Bancorp Investments Inc. served as joint book-running managers, while RegionsSecurities LLC, TD Securities (USA) LLC, Mischler Financial Group, Inc. and TheWilliams Capital Group L.P. acted as co-managers.