secwatch.observer — SEC 8-K summary
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Issuer:     Tennessee Valley Authority (TVE)
CIK:        0001376986
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0001376986-25-000015
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 $1.25B 5.250% bonds due 2055, net proceeds $1.226B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376986/000137698625000015/0001376986-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376986/000137698625000015/tve-20250211.htm
  HTML page:      https://secwatch.observer/filing/0001376986-25-000015

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