CHICAGO — The Omaha Public Power District will hit the market Thursday with $120 million of taxable Build America Bonds while delaying a $125 million refunding issue amid lower-than-expected market savings.

The OPPD had targeted a 5% net present-value savings on the refunding issue — or $6 million over the life of the bonds — but decided to postpone the sale Friday due to rising rates and heavy supply.

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