Is there a liklihood these notes could get reset lower again in the future? Considering where interest rates have gone in the last few years, current yield is pretty good.I think the prudent thing to do would not be to go all in here at one point in time.If you straddled in, buying a position once or twice a year, it might be better.However I would definitley not want to pay a penny over face value for this.If anyone has any other debt related securities/issues of any kind, please drop a line in this thread. Thanks!
FROM: Investor@tva.gov TVC Interest Rate Unchanged in 2011.The interest rate on TVA's 1998 Series D PARRS (NYSE:TVC) will not be reset on June 1,2011. The rate will remain at 4.728 percent for at least one year from June 1, 2011.For additional information please contact TVA Investor Relations toll-free at 1-888-882-4975 or send an email to firstname.lastname@example.org
check out CCW debt...Comcast
I think the current yield is about 4.5%, at least that's what it is on TVE's (which I own). I doubt a reset is likely. Remember interest can only be reset lower, never higher. Full info is available at the TVA website:http://www.tva.gov/finance/opportun/parrs.htm