COLUMBUS, Neb. (AP) - Nebraska's largest public power utility plans to issue about $300 million of fixed-rate, tax-exempt bonds beginning later this month.

The Nebraska Public Power District said the bonds, in $5,000 denominations, will be issued beginning Jan. 26.

The proceeds from the bonds will be used to repay some of NPPD's existing bonds and to pay financing costs.

The fixed-rate, taxable bonds will be sold to retail and institutional investors.

The bonds will be repaid over a 25-year period. Individuals interested in purchasing bonds should contact their broker.