Bond TVA Liens 0% ( US88059E3A09 ) in USD

Issuer	TVA Liens
Market price	100 % ▲
Country	United States
ISIN code	US88059E3A09 ( in USD )
Interest rate	0%
Maturity	15/07/2032
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Cusip	88059E3A0
Detailed description	TVA Bonds are instruments used by businesses to defer payment of Value Added Tax (VAT) owed to tax authorities, typically by providing a security or guarantee. A significant fixed-income instrument currently observed in the market is identified by its ISIN US88059E3A09 and CUSIP 88059E3A0. This bond is issued by TVA Bonds, representing the Tennessee Valley Authority, a U.S. federal corporation established in 1933 to provide economic development, flood control, electricity generation, and other services across the Tennessee Valley region. As a government-owned entity, TVA's debt instruments are typically regarded as possessing high credit quality. Denominated in U.S. Dollars (USD) and issued within the United States, this particular bond is characterized as a zero-coupon instrument, bearing a 0% interest rate. For zero-coupon bonds, investor returns are typically derived from the discount at which they are purchased relative to their par value at maturity. However, the current market price for this bond is reported at 100% of par, an unusual characteristic for a zero-coupon bond unless it reflects specific market conditions, a unique issuance structure, or an inflation-indexed principal. The bond's maturity date is set for July 15, 2032, and while a payment frequency of "1" is indicated, this generally refers to the single principal repayment made upon maturity for a zero-coupon bond, as there are no periodic interest distributions.