TVA issues $1.5B of 4.875% Global Power Bonds due 2035; net proceeds ~$1.486B

Tennessee Valley Authority

Principal amount $1.5B at 4.875% coupon, maturity May 15, 2035; non-callable.
Net proceeds after managers' fees and discount: $1,485,525,000.
Settlement May 16, 2025; semi-annual interest starting Nov 15, 2025.
Bonds not U.S. government obligations; payable from TVA's Net Power Proceeds.

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