TVA To Reset 1999 Series A PARRS Power Bonds
April 03, 2020
April 03, 2020
WASHINGTON, April 3 -- The Tennessee Valley Authority issued the following news release:
The interest rate on the Tennessee Valley Authority 1999 Series A Putable Automatic Rate Reset Securities bonds, which are traded on the New York Stock Exchange under the symbol TVE, will be reset from 3.360% to 2.216% on May 1, 2020.
"This reset will continue to provide investors an attractive return on investment in this market environment, while saving TVA $2.7 million annu . . .
The interest rate on the Tennessee Valley Authority 1999 Series A Putable Automatic Rate Reset Securities bonds, which are traded on the New York Stock Exchange under the symbol TVE, will be reset from 3.360% to 2.216% on May 1, 2020.
"This reset will continue to provide investors an attractive return on investment in this market environment, while saving TVA $2.7 million annu . . .