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Tennessee Valley Authority to redeem $70 million electronotes March 15
By Tali David
Minneapolis, Feb. 21 - Tennessee Valley Authority plans to redeem all of its 3.75% electronotes and 4.5% electronotes, the authority announced in a press release.
The notes will all be redeemed at par plus accrued interest on March 15.
There is about $11.9 million outstanding under the 3.75% notes, which are due Feb. 15, 2020.
There is about $58.1 million outstanding under the 4.5% notes, which are due March 15, 2024.
Tennessee Valley Authority is a Knoxville, Tenn.-based electricity provider.
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