New Issue-TVA adds $500 mln in 30-yr bonds

May 24 (BestGrowthStock) – TVA on Monday added $500 million of
global power bonds to an existing 5.25 percent issue, said IFR,
a Thomson Reuters service.

Bank of America Merrill Lynch and Morgan Stanley were the
joint bookrunning managers for the sale.
BORROWER: TVA
AMT $500 MLN COUPON 5.25 PCT MATURITY 9/15/2039
TYPE NOTES ISS PRICE 105.922 FIRST PAY 9/15/2010
MOODY’S Aaa YIELD 4.868 PCT SETTLEMENT 5/27/2010
S&P TRIPLE-A SPREAD 75 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE

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New Issue-TVA adds $500 mln in 30-yr bonds