The Chicago Transit Authority (CTA), founded in 1945 and based in Chicago, Illinois, is a public agency responsible for providing public transportation services within the city and nearby suburbs. Its mission is to enhance mobility for residents and visitors through a comprehensive network of buses and trains. Key services include an extensive bus system and the iconic 'L' train service, which connects various neighborhoods and key destinations throughout the metropolitan area.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CHITRN 6.20% 2040-12-01 USDChicago Transit Authority | United States | 2040-12-01 | 6.200 | 5.04 |
| CHITRN 6.90% 2040-12-01 USDChicago Transit Authority | United States | 2040-12-01 | 6.899 | 4.84 |
| CHITRN 6.90% 2040-12-01 USDChicago Transit Authority | United States | 2040-12-01 | 6.899 | 5.04 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Chicago Transit Authority has a long-standing history of issuing bonds to fund its operations and capital projects, with its first bond issue occurring in 1947. Noteworthy recent issuances include a $500 million bond in 2021 aimed at improving infrastructure, which offered yields competitive with industry standards around 2.5%. The CTA's bonds generally feature tax-exempt status, making them attractive to investors. Additionally, the agency is exploring green bonds as part of its sustainability initiatives, reflecting a growing trend in the public transit sector toward environmentally friendly financing options.