secwatch.observer — SEC 8-K summary
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Issuer:     Tennessee Valley Authority (TVE)
CIK:        0001376986
Form:       8-K
Filed at:   2023-03-27T23:59:59+00:00
Accession:  0001376986-23-000009
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TVA plans $1B power bond issuance due 2028; preliminary offering circular released
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- TVA released preliminary offering circular for $1,000,000,000 Global Power Bonds 2023 Series A due March 15, 2028.
- Joint book-running managers: Barclays, BofA Securities, Morgan Stanley, RBC Capital Markets.
- Bonds not redeemable before maturity; minimum denomination $2,000; NYSE listing application made.
- Bonds not U.S. government obligations; payable from TVA's Net Power Proceeds; interest rate TBD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376986/000137698623000009/0001376986-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376986/000137698623000009/tve-20230327.htm
  HTML page:      https://secwatch.observer/filing/0001376986-23-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer