The City of Grand Rapids, located in Michigan, was founded in 1850, established as an urban center for commerce and culture. The city focuses on promoting sustainable development, enhancing community infrastructure, and fostering economic growth, while offering various recreational and cultural services to its residents and visitors.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| GRAUTL 6.72% 2041-01-01 USDCity of Grand Rapids | United States | 2041-01-01 | 6.720 | 5.20 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The City of Grand Rapids has historically leveraged bond issuances to finance essential infrastructure projects. Beginning in the early 20th century, the city has issued general obligation bonds, with recent significant issuances earmarked for public improvements and urban renewal projects. Current yields on Grand Rapids bonds are competitive, reflecting strong fiscal management and community support. Notably, in 2022, the city launched a $35 million bond to fund green initiatives, showcasing its commitment to sustainability and attracting investment interest in a growing market.