debt
confidence high
sentiment neutral
materiality 0.60
TVA launches $3B electronotes program with maturities up to 30 years
Tennessee Valley Authority
- Maximum aggregate principal $3B; Notes issued in $1,000 denominations.
- Maturities from one to thirty years; fixed interest rate; monthly to annual payments.
- Agents include InspereX, Citigroup, FHN Financial, Morgan Stanley, Wells Fargo.
- TVA is not a U.S. government obligation; no SEC registration required.
- Estimated net proceeds to TVA: $2.925B to $2.994B after discounts and expenses.
item 8.01item 9.01