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| Issue Type | XXXX |
|---|---|
| Country | United States |
| Industry | XXXX |
| Region | XXXX |
| Maturity Date | 2045-06-01 |
| Par Value | 5000 |
| Callable | XXXX |
| Next Call Date | XXXX |
| Call Type | XXXX |
| Call Price (%) | XXXX |
| Series | XXXX |
| Class | XXXX |
| Maturity Structure | XXXX |
| Amount Outstanding (mil) | 56.91 |
| Coupon | 6.5 |
|---|---|
| Coupon Type | XXXX |
| Coupon Frequency | XXXX |
| First Coupon Date | XXXX |
| Last Coupon Date | XXXX |
| Sinking Fund | XXXX |
|---|---|
| Security | XXXX |
| Subordination | XXXX |
| Debt Type | XXXX |
| Issue Date | XXXX |
|---|---|
| Dated Date | XXXX |
| Issue Size (mil) | 56.90575 |
| Min. Piece | XXXX |
| Min. Increment | XXXX |
This Michigan Finance Authority municipal bond has a 6.50% fixed rate coupon paid on a semi-annual basis. It was issued on October 15, 2020 with an issue size of 56.91 million USD and matures on June 01, 2045 with a last coupon date of December 01, 2044. |
The Michigan Finance Authority, established in 1985 and located in Lansing, Michigan, serves as a prominent state-level authority dedicated to enhancing the financial viability of local governmental units and non-profit entities. Its core mission revolves around providing financing options that foster public infrastructure development and facilitate community growth through innovative financial products.