debt
confidence high
sentiment neutral
materiality 0.40
TVA plans $500M power bond offering due 2052; no redemption before maturity
Tennessee Valley Authority
- $500M of Global Power Bonds 2022 Series A due Sept 15, 2052; interest payable semiannually.
- Bonds not redeemable prior to maturity; application to list on NYSE.
- Joint book-running managers: BofA Securities, Morgan Stanley, RBC Capital Markets, TD Securities.
- Bonds not guaranteed by US government; payment from TVA's Net Power Proceeds.