TVA Sets New Record for Lowest-Cost Borrowing
May 07, 2020
May 07, 2020
WASHINGTON, May 7 -- The Tennessee Valley Authority issued the following news release on May 6:
The Tennessee Valley Authority announced that it priced $1 billion of new 5-year maturity global power bonds carrying an interest rate of 0.75%. The offering marks a TVA record for the lowest interest rate ever achieved on a bond issuance.
TVA announced the 5-year offering on Wednesday to take advantage of the historically low interest rate environment and meet its ongoing fu . . .
The Tennessee Valley Authority announced that it priced $1 billion of new 5-year maturity global power bonds carrying an interest rate of 0.75%. The offering marks a TVA record for the lowest interest rate ever achieved on a bond issuance.
TVA announced the 5-year offering on Wednesday to take advantage of the historically low interest rate environment and meet its ongoing fu . . .