TVA To Redeem 1992 Series D Power Bonds
March 12, 2012
KNOXVILLE, Tenn. — The Tennessee Valley Authority will redeem all of its 8.25 percent 1992 Series D Power Bonds due April 15, 2042 on April 15, 2012.
This bond is identified by the CUSIP number 880591BL5. TVA issued $1 billion of the 8.25 percent bonds in April 1992. The bonds will be redeemed at 106.000 percent of par value. The redemption price and any accrued interest will be paid to eligible holders through the book-entry system of the Federal Reserve Banks.
The Tennessee Valley Authority, a corporation owned by the U.S. government, provides electricity for business customers and distribution utilities that serve 9 million people in parts of seven southeastern states at prices below the national average. TVA, which receives no taxpayer money and makes no profits, also provides flood control, navigation and land management for the Tennessee River system and assists utilities and state and local governments with economic development.
TVA Media Relations, Knoxville, (865) 632-6000