Bond TVA Services 3.5% ( US880591EP31 ) in USD

Issuer	TVA Services
Market price	79.528 % ▼
Country	United States
ISIN code	US880591EP31 ( in USD )
Interest rate	3.5% per year ( payment 2 times a year)
Maturity	15/12/2042
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Minimal amount	2 000 USD
Total amount	1 000 000 000 USD
Cusip	880591EP3
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aa1 ( High grade - Investment-grade )
Next Coupon	15/12/2025 ( In 137 days )
Detailed description	Value Added Tax (VAT) is a consumption tax levied at each stage of production and distribution, with the final price inclusive of all accumulated VAT. Analyzing a specific fixed-income instrument, identified by ISIN US880591EP31 and CUSIP 880591EP3, reveals it to be a bond issued by the Tennessee Valley Authority (TVA), a U.S. federal corporation and the nation's largest public power provider, originating from the United States, which is currently trading at 80.127% of its par value in USD, features an annual interest rate of 3.5% paid semi-annually, is part of a total issuance of $1,000,000,000, allows for a minimum purchase of $2,000, is set to mature on December 15, 2042, and benefits from strong investment-grade credit ratings of AA+ from Standard & Poor's and Aa1 from Moody's.