Tennessee Valley Authority to redeem 6.235% bonds due 2045

By Wendy Van Sickle

Columbus, Ohio, June 15 – Tennessee Valley Authority said it will redeem all of its 6.235% 1995 series B power bonds due July 15, 2045 (Cusip: 880591CF7) at par plus accrued interest on July 1.

“We are in an unprecedented low interest rate environment creating an opportunity for TVA to save $5 million annually by redeeming these bonds,” Tammy Wilson, TVA treasurer and chief risk officer, said in a news release on Monday.

Tennessee Valley Authority is a Knoxville, Tenn.-based electricity provider.

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