debt
confidence medium
sentiment neutral
materiality 0.50
TVA files preliminary offering circular for Global Power Bonds 2025 Series C due Aug 2030
Tennessee Valley Authority
- 5-year non-callable bonds due August 1, 2030; minimum denomination $2,000.
- Joint book-running managers: Morgan Stanley, BofA Securities, J.P. Morgan, TD Securities.
- Clearing through Fed Reserve book-entry system; application to list on NYSE.
- Preliminary document; final coupon rate, price, and principal amount to be determined.
- Estimated offering expenses of approximately $1.4 million.
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