“Those savings will benefit our customers and support TVA’s ongoing mission of providing affordable power.”. TVA is a corporate agency of the United States that provides electricity for business customers and local power distributors serving over 9 million people in parts of seven southeastern states. 98�D� H��WK�����W�) ���DZ�X��Q��N�%1�H��F�����^MR���
���������mW��*���U��a*��2Љ�A���}��W>���w?>j�V������t���կ��b�nbǸp�;J��@�:�B�GXz���n�����7q䫭�I�Dn���K�|cԧ�i�(�sf�6ڋ���ɼ����w7�9������u�G0?`��������q@ +��EӵN���S_7*�� Public Information Officer %PDF-1.3 KNOXVILLE, Tenn., March 5, 2018 /PRNewswire/ -- The Tennessee Valley Authority ("TVA") announced today that it priced $1 billion of new two-year maturity global power bonds … "We were pleased to see a pocket of stability in the market, giving us a window to move forward with today's offering," said Tammy Wilson, TVA's Vice President, Treasurer and Chief Risk Officer. 2 0 obj Media Contact: Jim Hopson, Knoxville, 865-632-8860 TVA Public Relations, Knoxville, 865-632-6000www.tva.com/newsFollow TVA news on Facebook and Twitter, Investor Relations: Tammy Wilson, Knoxville, 865-632-3366 or 888-882-4975Josh Carlon, Knoxville, 865-632-4133 or 888-882-4975 http://www.tva.com/investors, Cision Distribution 888-776-0942 Josh Carlon, Knoxville, 865-632-4133 or 888-882-4975 865-632-8860, Tammy Wilson, Knoxville, 865-632-3366 or 888-882-4975 jrhopson@tva.gov The bonds … TVA's new bonds drew demand from money managers, governments, insurance companies, and a variety of other investors. Application will be made to list the bonds on the New York Stock Exchange. <> S���x;1�u��J%+
��I���͈g3b��M�. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. The bonds can be identified by the CUSIP number 880591 EV0 (ISIN number US880591EV09). Interest will be paid semi-annually each March 15 and September 15. All Rights Reserved. <>/Rect[ 351 406 356 416]/H/N/C[ 0 0 1]/P 1 0 R>> KNOXVILLE, Tenn. ― The Tennessee Valley Authority will redeem all of its 6.235% 1995 Series B Power Bonds due July 15, 2045, on July 15, 2020. KNOXVILLE, Tenn., March 5, 2018 /PRNewswire/ -- The Tennessee Valley Authority ("TVA") announced today that it priced $1 billion of new two-year maturity global power bonds carrying an interest rate of 2.25%. �!�/F�6D>�ɪ����s�1��͡H� A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. endobj The offering marked TVA's first offering of a two-year maturity in over 20 years, and the first maturity inside of five years since 2013. <> Proceeds from the sale will be used by TVA to refinance existing debt and for general power system purposes. "The two-year maturity also fits well in TVA's debt profile, and will give us greater flexibility in managing obligations in the coming years.". Certain TVA bonds were originally sold to the Federal Financing Bank (FFB) at an interest rate of one-eighth of 1 percent above the cost of new long-term Treasury bonds.