1999 A (TVE)
Pursuant to the terms of the 1999 Series A Offering Circular, TVA conducted the rate reset calculation on Wednesday, April 3, 2024, and determined that the coupon rate on the TVA 1999 Series A Puttable Automatic Rate Reset Securities bonds (NYSE: TVE) will remain at the current rate of 2.216%.
The next reset calculation will be performed on Wednesday, April 2, 2025, to determine if the rate will be reset beginning on May 1, 2025. Please see the 1999 Series A Offering Circular and supplements to the offering circular for additional information.