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New Issue-Tennessee Valley Authority sells $1 bln notes

Mon Aug 6, 2012 3:41pm EDT 

Aug 6 (Reuters) - Tennessee Valley Authority on
Monday sold $1 billion of exempt notes, said IFR, a Thomson
Reuters service. 
    Bank of America Merrill Lynch, Morgan Stanley, and RBS were
the joint bookrunning managers for the sale.

BORROWER: TENNESSEE VALLEY AUTHORITY

AMT $1 BLN      COUPON 1.875 PCT   MATURITY    08/15/2022
TYPE NTS        ISS PRICE 99.122   FIRST PAY   02/15/2013
MOODY'S Aaa     YIELD 1.972 PCT    SETTLEMENT  08/09/2012   
S&P AA-PLUS     SPREAD 43 BPS      PAY FREQ    SEMI-ANNUAL
FITCH TRIPLE-A   MORE THAN TREAS   NON-CALLABLE   N/A
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