Tennessee Valley Authority Reset Rate Series A Due 2029

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S&P Rating  AA+

Security Ticker Symbol   TVE

Market Traded ON   NYSE

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Interest Payment Paid on the 1st of February, May, August and November beginning August 1, 1999

Quarterly Interest   Variable   Annual Interest   Variable   (Rate as of 5/1/2015 is 3.36%)

Coupon interest rate is reset annually using the 30 Year Treasury Constant Maturity rate plus .84%.  If the coupon is reset lower bonds can be “put” to the issuer for the $25 par value.

Securities may not be redeemed early.

Interest Payment Will NOT be Qualified Distributions.  Payments are interest (not dividends) thus they do not qualify for preferential tax rates.

Maturity Date   05/1/2029

Company Investor Relations Page for Tennesee Valley Authority.

Below you can find the offering Prospectus and or final pricing documents

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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