debt
confidence high
sentiment neutral
materiality 0.55
TVA launches 2025 Series B Global Power Bonds due May 15, 2035
Tennessee Valley Authority
- Offers 10-year Global Power Bonds due May 15, 2035; coupon and principal amount TBD.
- Interest payable semiannually on May 15 and Nov 15; bonds non-callable before maturity.
- Minimum investment $2,000; book-entry settlement via Federal Reserve Banks; stripping allowed after Nov 15, 2025.
- Joint book-running managers: Morgan Stanley, BofA Securities, RBC Capital Markets, TD Securities.
- Application to list on NYSE; estimated offering expenses approximately $1 million.