CHICAGO - The Nebraska Public Power District plans to enter the market next week with $325 million of fixed-rate bonds that will finance construction of a major new transmission line as well as mark the district's final share in its financing of a new coal-fired plant.

The bond issue comes as one of Nebraska's busiest issuers shifts its borrowing focus from generation projects to transmission and upgrades. The NPPD's entire $1.5 billion debt portfolio is fixed rate, and nearly all is 30-year debt tied to the life of generation assets that are "very expensive to build and very cheap to run," said district chief financial officer Traci Bender.

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