Tennessee Valley Authority announces proposed bond issue.

PR Newswire | October 12, 1989 | Copyright

TENNESSEE VALLEY AUTHORITY ANNOUNCES PROPOSED BOND ISSUE

NEW YORK, Oct. 12 /PRNewswire/ -- The Tennessee Valley Authority announced today the proposed issuance of approximately $3 billion in securities in the agency public debt market as part of a plan to refinance approximately $6.7 billion of debt held by the Federal Financing Bank (FFB). The First Boston Corporation is acting as lead manager on the offering.

In announcing the $3 billion transaction, TVA outlined its interest in selling securities with the following maturities and call provisions:

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