The Central Puget Sound Regional Transit Authority, commonly known as Sound Transit, was established in 1996 and is headquartered in Seattle, Washington. The organization aims to provide comprehensive public transit solutions that connect the region through light rail, commuter rail, and bus services. Sound Transit plays a critical role in addressing transportation challenges and enhancing the mobility of residents across the central Puget Sound area.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CEPTRN 5.15% 2028-02-01 USDCentral Puget Sound Regional Transit Authority | United States | 2028-02-01 | 5.145 | 4.86 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Sound Transit has been active in the bond market since its inception, issuing its first bonds in 1999 to fund transit expansion projects. Notably, the agency issued $200 million in bonds in 2020 to support its Link Light Rail system expansion, marking one of its significant financial milestones. The current yields on Sound Transit bonds are competitive within the industry, largely driven by the agency's strong credit rating and robust project pipeline. Recent news includes discussions on future bond issuances linked to growth in ridership and infrastructure enhancement, highlighting the agency's pivotal role in regional development.