secwatch.observer — SEC 8-K summary
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Issuer:     Tennessee Valley Authority (TVE)
CIK:        0001376986
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001376986-24-000022
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 $1B of 4.375% Global Power Bonds due August 2034
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- Principal $1B, coupon 4.375%, maturity August 1, 2034; not redeemable prior to maturity.
- Net proceeds ~$987.8M after discount and manager fees; settlement August 13, 2024.
- Interest payable semi-annually on Feb 1 and Aug 1, beginning Feb 1, 2025.
- Offered via final offering circular dated Aug 8, 2024; joint book-runners: BofA, Morgan Stanley, RBC, TD.
- Not obligations of or guaranteed by the U.S. government; payable solely from TVA's Net Power Proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376986/000137698624000022/0001376986-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376986/000137698624000022/tve-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001376986-24-000022

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