TVA files preliminary offering circular for new 30-year power bonds due 2055

Tennessee Valley Authority

Plans to issue 2025 Series A Global Power Bonds due Feb 1, 2055; size and coupon to be determined.
Bonds are non-callable, book-entry via Federal Reserve, NYSE listing applied for.
Minimum denomination $2,000; interest payable semi-annually on Feb 1 and Aug 1.
Preliminary circular subject to completion; final terms will follow in pricing supplement.
Bonds not guaranteed by U.S. government; payments from TVA's Net Power Proceeds.

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