TVA plans to redeem $33.42 million of four issues of electronotes

By Marisa Wong

Milwaukee, June 15 - The Tennessee Valley Authority said it will redeem $33.42 million of its electronotes on July 15.

The securities will be redeemed at par plus accrued interest.

Affected are the following electronotes:

• $11,996,000 of 4.5% notes due March 15, 2019;

• $12,705,000 of 5.125% notes due May 15, 2025;

• $2,522,000 of 4.8% notes due Sept. 15, 2020; and

• $6,197,000 of 5.5% notes due Feb. 15, 2026.

Based in Knoxville, Tenn., TVA is a federally owned electricity and economic development provider.

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