TVA issues $1.25B 5.250% bonds due 2055, net proceeds $1.226B

Tennessee Valley Authority

Principal $1.25B, coupon 5.250%, maturity Feb 1, 2055, non-callable.
Net proceeds ~$1.226B after 0.450% manager discount and expenses.
Settlement Feb 14, 2025; interest semi-annual on Aug 1 and Feb 1.
Application made to list bonds on NYSE.
Bonds are not U.S. government obligations; payment from TVA's Net Power Proceeds.

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