UPDATE–They garnered a 1.75% coupon on the new issue–maturity in 2031.
Entergy Texas will be calling some or all of their 5.625% 1st Mortgage baby bonds due 2064 (EZT). These 1st became callable 6/1/2019.
The company will be selling some 1st mortgage $1,000 bonds with proceeds to be used in the redemption.
EZT had traded as high as $27/share a month ago–but had drifted lower in the last month to now trade at $25.40
With the various recent calls everyone should be on notice that these utilities will be calling issues when possible with proceeds from low coupon bonds (2-3%)–and who can blame them.