CHICAGO-- The Nebraska Public Gas Agency last month used a tax-exempt bond issue to set the price of natural gas for its customers in a deal that some market participants say may be the first of its kind.

Proceeds from the agency's $7.33 million bond issue refunded $1.32 million of the agency's outstanding debt, retired a $5 million bank loan, and financed the cost of issuance and the creation of a debt service reserve fund.

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