secwatch.observer — SEC 8-K summary
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Issuer:     Tennessee Valley Authority (TVE)
CIK:        0001376986
Form:       8-K
Filed at:   2025-05-16T23:59:59+00:00
Accession:  0001376986-25-000034
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 $1.5B of 4.875% Global Power Bonds due 2035; net proceeds ~$1.486B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376986/000137698625000034/0001376986-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376986/000137698625000034/tve-20250513.htm
  HTML page:      https://secwatch.observer/filing/0001376986-25-000034

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