Bonds

Bond Offering

Refunding Revenue Bonds Series 2025A and 2025B*

Refunding Revenue Bonds Series 2025A and 2025B*

Refunding Revenue Bonds Series 2025A
Par Amount
$300,440,000
Tax Status
Tax-Exempt
Sale Date
06/10/2025
Sector
Power / Gas
State
Texas
Bond Type
Fixed Rate
Method of Sale
Negotiated
Closing Date
06/24/2025
Call Features
9 year call
Refunding Revenue Bonds Series 2025B
Par Amount
$176,670,000
Tax Status
Tax-Exempt
Sale Date
06/10/2025
Sector
Power / Gas
State
Texas
Bond Type
Fixed Rate
Method of Sale
Negotiated
Closing Date
06/24/2025

Additional Information

*Preliminary, subject to change

 2025B is expected to be a 7-year Put Bond

Bond Offering Ratings

S&P
A
Outlook
Positive
Date
May 2025
Fitch
AA-
Outlook
Stable
Date
May 2025
Moody’s
A2
Outlook
Stable
Date
May 2025

Senior Manager

J.P. Morgan Securities, LLC