TVA issues $500M of 4.250% Global Power Bonds due 2052, net proceeds $481.68M

Tennessee Valley Authority

Coupon rate 4.250%, maturity September 15, 2052; not redeemable prior to maturity.
Net proceeds $481,680,000 after discount and manager fees of $2.25M.
Settlement date September 13, 2022; interest payable semi-annually on March 15 and September 15.
Joint book-running managers: BofA Securities, Morgan Stanley, RBC Capital Markets, TD Securities.
Bonds are not guaranteed by the United States and are payable solely from TVA's Net Power Proceeds.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.