The Tennessee Valley Authority has announced it will redeem nine issues of bonds from its electronotes series on Nov. 15, totaling approximately $217 million.
TVA will redeem each issue of TVA electronotes listed below in its entirety:
The electronotes will be redeemed at 100 percent of par value. The redemption price and any accrued interest on each electronotes issue listed above will be paid to eligible holders through the Depository Trust Company.
“The recent drop in interest rates has created an opportunity for TVA to save $4 million annually by redeeming these bonds,” said Tammy Wilson, TVA vice president, treasurer & chief risk officer.
“Those savings will benefit our customers and support TVA’s ongoing mission of providing affordable power.”