TVA to Redeem 2000 Series A and B Power Bonds
December 4, 2002
The Tennessee Valley Authority will redeem its 2000 Series A Power Bonds due January 18, 2005 and 2000 Series B Power Bonds due January 18, 2010, on January 18, 2003.
TVA issued $100 million of the two bonds in February 2000. The Series A bond coupon was 7.15 percent, and the Series B bond coupon was 7.4 percent. The outstanding bonds will be redeemed at 100 percent of the par amount. The redemption price will be paid to eligible holders through Federal Reserve Banks.
TVA’s power bonds are traded on the bond market of the New York Stock Exchange, and its Putable Automatic Rate Reset Securities (PARRS) are traded on the New York Stock Exchange under the symbols TVC and TVE. All of TVA’s securities are publicly held.
TVA is wholly owned U.S. government agency and the nation’s largest public power system. Its power system is self-supporting through power revenues and proceeds from its power program financing. TVA provides power to large industries, federal agencies, and 158 power distributors that serve 8.3 million consumers in seven southeastern states.
View a complete list of TVA Power Bonds.
Media Contact:
John Moulton, Knoxville (865-632-8048) or TVA News Bureau, Knoxville (865-632-6000)
