The Department of Airports of the City of Los Angeles, established in 1930, oversees the operation and management of the city's award-winning airports, including Los Angeles International Airport (LAX). This public agency is dedicated to enhancing the safety, capacity, and sustainability of its facilities while providing exceptional service to travelers and airlines alike.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| LOSAPT 4.24% 2048-05-15 USDDepartment of Airports of the City of Los Angeles | United States | 2048-05-15 | 4.242 | 5.24 |
| LOSAPT 6.58% 2039-05-15 USDDepartment of Airports of the City of Los Angeles | United States | 2039-05-15 | 6.582 | 5.07 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Over the decades, the Department has been a consistent issuer of revenue bonds, with significant issuances dating back to the 1970s, aimed at funding airport improvements and expansions. Notably, the agency issued $1.6 billion in bonds in 2016, coinciding with major upgrades to LAX's infrastructure, currently offering yields that remain competitive within the airport revenue bond sector. Recent updates indicate a focus on green bonds as part of sustainability initiatives, attracting attention from environmentally-conscious investors.