Tennessee Valley Authority Reset Rate Series A Power Bonds due 2029

Please read the prospectus. These reset bonds can be reset lower, but NOT higher. Note that anytime the coupon is reset lower you have the right (not obligation) to ‘put’ you baby bonds back to the company

As of 1/6/2020 the dividend is .21 or .84/annually

Coupon is reset each 6/1 at the 30 year constant maturity treasury plus a spread of .94%. As of 1/6/2020 the CMT is 2.29% which would mean a reset to 3.23%



TVE
NA
NA
05/01/1999
Anytime
05/01/2029
18,000,000
0
0%
$25.00
No
No
0.21
JAN, APR, JUL, OCT
30
FEB, MAY, AUG, NOV
1
AA+
A
Aaa