secwatch.observer — SEC 8-K summary
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Issuer:     Tennessee Valley Authority (TVE)
CIK:        0001376986
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0001376986-22-000020
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376986/000137698622000020/0001376986-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376986/000137698622000020/tve-20220908.htm
  HTML page:      https://secwatch.observer/filing/0001376986-22-000020

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