Dallas Area Rapid Transit (DART) was founded in 1983 and is headquartered in Dallas, Texas, serving as a regional public transportation authority. The company's primary purpose is to provide accessible, efficient, and reliable transit services across the Dallas metropolitan area, encompassing bus, light rail, and commuter rail services.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| DALTRN 2.61% 2048-12-01 USDDallas Area Rapid Transit | United States | 2048-12-01 | 2.613 | 5.26 |
| DALTRN 4.92% 2041-12-01 USDDallas Area Rapid Transit | United States | 2041-12-01 | 4.922 | 5.20 |
| DALTRN 5.02% 2048-12-01 USDDallas Area Rapid Transit | United States | 2048-12-01 | 5.022 | 5.39 |
| DALTRN 6.00% 2044-12-01 USDDallas Area Rapid Transit | United States | 2044-12-01 | 5.999 | 5.47 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
DART has a history of issuing bonds to finance its extensive transit projects, with its first significant bond issuance occurring in 1991. Notably, in 2020, DART issued $260 million in bonds to fund the expansion of its rail network, with current yields competitive compared to other transit authorities in the region. The bonds are often backed by dedicated sales tax revenue, providing a stable revenue source. Recent developments include discussions about future bond issuances tied to upcoming expansions, reflecting the authority's commitment to enhancing public transit infrastructure.