Tennessee Valley planning $1 billion senior notes due 2065

By Aleesia Forni

Virginia Beach, Sept. 21 – Tennessee Valley Authority plans to sell $1 billion of senior notes (Aaa/AA+/AAA) due 2065, according to a market source.

BofA Merrill Lynch, BNP Paribas Securities Corp., Morgan Stanley & Co. LLC and TD Securities are the bookrunners.

The corporate agency provides electricity for business customers and local power companies in parts of seven southeastern states and is based in Knoxville, Tenn.

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