Tennessee Valley Authority
TVA To Redeem Debt Securities
February 18, 2009
TVA today announced that on March 19, 2009, it will redeem 30 issues of securities from its electronotes® series. The total amount to be redeemed is $496 million.
Each of the securities will be redeemed at 100 percent of par value. The redemption price and any accrued interest will be paid to eligible holders through The Depository Trust Company.
The electronotes® to be redeemed can be identified by CUSIP number, as outlined in the following table.
CUSIP Number |
Interest Rate |
Maturity Date |
Amount ($) |
|---|---|---|---|
88059TBK6 |
5.050% |
10/15/2015 |
18,459,000 |
88059TBM2 |
5.000% |
11/15/2022 |
10,403,000 |
88059TBN0 |
5.000% |
12/15/2014 |
53,541,000 |
88059TBP5 |
5.000% |
12/15/2022 |
18,900,000 |
88059TBT7 |
5.000% |
01/15/2023 |
10,123,000 |
88059TBV2 |
5.000% |
02/15/2023 |
15,989,000 |
88059TBZ3 |
5.125% |
05/15/2023 |
14,368,000 |
88059TCH2 |
5.125% |
08/15/2015 |
33,158,000 |
88059TCJ8 |
4.950% |
09/15/2016 |
10,977,000 |
88059TCK5 |
5.200% |
10/15/2023 |
13,170,000 |
88059TCN9 |
5.125% |
11/15/2018 |
18,025,000 |
88059TCP4 |
5.250% |
11/15/2023 |
11,286,000 |
88059TCS8 |
5.000% |
01/15/2017 |
27,748,000 |
88059TCT6 |
5.000% |
01/15/2019 |
27,050,000 |
88059TCU3 |
5.125% |
02/15/2024 |
7,970,000 |
88059TCY5 |
5.375% |
04/15/2024 |
13,707,000 |
88059TCZ2 |
5.000% |
02/15/2025 |
16,993,000 |
88059TDA6 |
5.000% |
03/15/2025 |
5,551,000 |
88059TDB4 |
5.000% |
04/15/2015 |
49,312,000 |
88059TDF5 |
5.000% |
08/15/2020 |
9,573,000 |
88059TDH1 |
5.000% |
10/15/2015 |
27,163,000 |
88059TDJ7 |
5.500% |
11/15/2020 |
11,060,000 |
88059TDL2 |
5.125% |
01/15/2021 |
4,733,000 |
88059TDS7 |
5.625% |
07/15/2013 |
9,188,000 |
88059TDU2 |
5.375% |
09/15/2016 |
13,802,000 |
88059TDW8 |
5.250% |
01/15/2017 |
5,876,000 |
88059TDY4 |
5.375% |
03/15/2022 |
6,007,000 |
88059TDZ1 |
5.000% |
04/15/2014 |
4,158,000 |
88059TEA5 |
5.500% |
06/15/2017 |
3,556,000 |
88059TEC1 |
5.500% |
10/15/2022 |
24,436,000 |
TVA’s electronotes® program offers securities for retail investors in a variety of structures. The electronotes® have maturities of up to 30 years, and certain issues are redeemable by TVA prior to maturity. As of Dec. 31, 2008, TVA had 61 issues of electronotes® outstanding.
Investors and investment dealers should be aware that new electronotes® are issued by TVA from time to time, generally on a monthly basis.
TVA is the nation’s largest public power provider and is completely self-financing. TVA provides power to large industries and 158 power distributors that serve approximately 9 million consumers in seven southeastern states. TVA also manages the Tennessee River and its tributaries to provide multiple benefits, including flood damage reduction, navigation, water quality and recreation.
Media Contact
John Moulton, Knoxville, (865) 632-8048
TVA News Bureau, Knoxville, (865) 632-6000
Investor Contact
TVA Investor Relations, Knoxville, (888) 882-4975 www.tva.com/finance
investor@tva.com