The Tennessee Valley Authority sold $700 million of power bonds to a Salomon Brothers Inc.-led group yesterday and bought short-term Treasuries with the proceeds.

Salomon and minority-owned firm W.R. Lazard, Laidlaw & Mead Inc. bested six others groups competing underwrite the TVA's offering of Series G power bonds.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.