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TVA talks new 50-year Power Bonds at 77 bps over Treasuries: sources
By Kenneth Lim
Boston, Sept. 16 - Tennessee Valley Authority plans to price new 50-year Power Bonds, talked at a spread of 77 basis points over Treasuries, market sources said Thursday.
The size of the offering has not been set, but it is expected to be benchmark size, which is at least $500 million.
Bank of America and Morgan Stanley are the lead managers, market sources said.
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