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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/09/20 Entergy Louisiana, LLC FWP 1:31K Entergy Louisiana, LLC Entergy Corp./DE |
Document/Exhibit Description Pages Size 1: FWP Free-Writing Prospectus HTML 18K
Document |
Issuer: | Entergy Louisiana, LLC | |||||||
Security Type: | Collateral Trust Mortgage Bonds (SEC Registered) | |||||||
Expected Ratings(1): | A2 (stable outlook) by Moody’s Investors Service, Inc. A (stable outlook) by S&P Global Ratings | |||||||
Trade Date: | November 9, 2020 | |||||||
Settlement Date (T+3)(2): | November 13, 2020 | |||||||
Principal Amount: 2030 Bonds: 2051 Bonds: | $300,000,000 $300,000,000, which will be part of the same series of Collateral Trust Mortgage Bonds issued on March 6, 2020 | |||||||
Interest Rate: 2030 Bonds: 2051 Bonds: | 1.60% 2.90% | |||||||
Interest
Payment Dates: 2030 Bonds: 2051 Bonds: | June 15 and December 15 of each year March 15 and September 15 of each year | |||||||
First Interest Payment Date: 2030 Bonds: 2051 Bonds: | June 15, 2021 March 15, 2021 | |||||||
Final
Maturity Date: 2030 Bonds: 2051 Bonds: | December 15, 2030 March 15, 2051 |
Optional Redemption Terms: 2030 Bonds: 2051
Bonds: | Make-whole call at any time prior to September 15, 2030 at a discount rate of Treasury plus 15 bps and, thereafter, at par Make-whole call at any time prior to September 15, 2050 at a discount rate of Treasury plus 20 bps and, thereafter, at par | |||||||
Qualified Reopening of 2051 Bonds: | This offering of the 2051 Bonds is expected to qualify as a “qualified reopening” of the Collateral Trust Mortgage Bonds issued on March 6, 2020 under U.S. Treasury regulations | |||||||
Benchmark
Treasury: 2030 Bonds: 2051 Bonds: | 0.625% due August 15, 2030 1.250% due May 15, 2050 | |||||||
Benchmark Treasury Price: 2030 Bonds: 2051 Bonds: | 97-01+ 88-27+ | |||||||
Benchmark Treasury Yield: 2030 Bonds: 2051
Bonds: | 0.942% 1.734% | |||||||
Spread to Benchmark Treasury: 2030 Bonds: 2051 Bonds: | +70 bps +95 bps | |||||||
Re-offer Yield: 2030 Bonds: 2051 Bonds: | 1.642% 2.684% | |||||||
Price
to Public: 2030 Bonds: 2051 Bonds: | 99.610% of the principal amount of the 2030 Bonds 104.413% of the principal amount of the 2051 Bonds (plus accrued interest from and including September 15, 2020 to but excluding the Settlement Date (such accrued interest totaling $1,401,666.67)) | |||||||
Net Proceeds Before Expenses: 2030 Bonds: 2051 Bonds: | $296,880,000 $310,614,000 (exclusive of accrued interest from and including September 15, 2020 to but excluding the Settlement Date (such accrued interest totaling $1,401,666.67)) |
CUSIP / ISIN: 2030 Bonds: 2051 Bonds: | 29364W BE7 / US29364WBE75 29364W BD9 / US29364WBD92 | |||||||
Joint Book-Running Managers: | Citigroup Global Markets Inc. KeyBanc Capital Markets Inc. Mizuho Securities USA LLC MUFG Securities Americas Inc. Scotia Capital (USA) Inc. SMBC Nikko Securities America, Inc. | |||||||
Co-Manager: | R. Seelaus & Co., LLC |
This ‘FWP’ Filing | Date | Other Filings | ||
---|---|---|---|---|
12/15/30 | ||||
9/15/30 | ||||
8/15/30 | ||||
6/15/21 | ||||
3/15/21 | ||||
11/13/20 | 8-K | |||
Filed on: | 11/9/20 | 424B3 | ||
9/15/20 | ||||
3/6/20 | 8-K | |||
List all Filings |