TVA to Reset 1998 Series D PARRS Power Bonds
April 30, 2020
April 30, 2020
KNOXVILLE, Tennessee, April 30 -- The Tennessee Valley Authority issued the following news release:
The interest rate on the Tennessee Valley Authority 1998 Series D Putable Automatic Rate Reset Securities bonds, which are traded on the New York Stock Exchange under the symbol TVC, will be reset from 3.550% to 2.134% on June 1, 2020.
"This reset will continue to provide investors an attractive return on investment in this market environment, while saving TVA $3.9 m . . .
The interest rate on the Tennessee Valley Authority 1998 Series D Putable Automatic Rate Reset Securities bonds, which are traded on the New York Stock Exchange under the symbol TVC, will be reset from 3.550% to 2.134% on June 1, 2020.
"This reset will continue to provide investors an attractive return on investment in this market environment, while saving TVA $3.9 m . . .