Nebraska Bonds (Nebraska Municipal Bonds)

By: EconomyWatch Content   Date: 6 November 2009

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Nebraska bonds issued by state and local government subdivisions are tax-exempted. Interest and dividend income from US government obligations that are subject to federal income tax are exempt from state tax.

 

Allowed Nebraska Bonds

The following Nebraska bonds are allowed by the state and local government:

  • Nebraska municipal water bonds
  • Nebraska Public Power District (NPPD) bonds
  • Federally exempt Nebraska Investment Finance Authority (NIFA) bonds
  • Local city bonds
  • School district bonds

 

Nebraska Bonds: Electric Utility Industry

Nebraska municipal bonds are among the major sources of capital for electric utilities. The consumer owned-electric utilities issue bonds and notes that are exempted from taxes in the national municipal credit markets.

 

The creditworthiness of most of the municipal bonds issued in Nebraska is determined by three credit rating firms or rating agencies. These are:

  • Standard & Poor's Rating Group (Standard & Poor’s)
  • Moody's Investor Services (Moody's)
  • Fitch Investor Services (Fitch)

The ratings that these companies assign influence the rate of interest an issuer has to pay. The ratings also impact the marketability of the debt.

The competitive assessments and credit ratings published by these agencies are taken into consideration by people who invest in Nebraska utilities’ municipal bonds. These ratings tend to change over time. The credit ratings of the electric utility revenue bonds have remained stable for many years.

Nebraska Municipal Bonds: Omaha Public Power District

Established in 1946, Omaha Public Power District (OPPD) is a public entity and business-managed electric utility. The organization serves over 340,000 customers in Omaha, the largest city in Nebraska. OPPD is actively engaged in the development of business and industry and provides them recruitment support as well. OPPD's Nebraska City Station is among the lowest-cost steam-electric power plants countrywide. OPPD offers a variety of municipal bonds, such as,

 

  • Omaha Public Power District Nebraska Electric Subordinated Series C
  • Omaha Public Power District Nebraska Electric Subordinated Series B
  • Omaha Public Power District Nebraska Electric System Subordinated Bhac Credit
  • Omaha Public Power District Nebraska Electric Series A

 

Here are some other popular Nebraska municipal bonds:

  • Hall County Nebraska School District Number 2 Public Schs
  • University Nebraska University Revenues University Nebraska Lincoln Parking Pj Series A
  • Lincoln Nebraska Electric System Revenue Refunding
  • Lancaster County Nebraska Hospital Authority Bryanlgh Medical Center Project Series A
  • Nebraska Investment Finance Authority Single
  • Douglas County Nebraska School District Refunding

 


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