Tennessee Valley Authority on March 5 filed a preliminary offering circular for its planned issuance of $1 billion of power bonds.
The Global Power Bonds 2018 Series A will not be subject to redemption before its maturity on March 15, 2020.
Interest on the bonds will be payable every March 15 and Sept. 15, starting Sept. 15, 2018.
TVA plans to use the net proceeds from the sale of the bonds to refinance existing debt or for other power system purposes.
