Tennessee-American Water to redeem $2.5 million 9.25% mortgage bonds

By Toni Weeks

San Diego, Jan. 26 - Tennessee-American Water Co. said it is calling for full redemption its $2.5 million 9.25% series 1989 general mortgage bonds due Dec. 1, 2019, according to a news release.

The company said it will redeem the bonds on Feb. 23 at a price of 102.6428.

The paying agent is U.S. Bank, St. Paul office (800 934-6802).

Tennessee-American Water is a water utility based in Chattanooga, Tenn.

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