Grand Parkway Transportation Corporation, founded in 2014 and based in Houston, Texas, is dedicated to developing and managing transportation infrastructure projects primarily focused on enhancing mobility in growing metropolitan regions. The company specializes in toll road operations and maintenance, aiming to provide reliable and efficient travel options for commuters and freight carriers alike.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| GPTTRN 3.24% 2052-10-01 USDGrand Parkway Transportation Corporation | United States | 2052-10-01 | 3.236 | 5.32 |
| GPTTRN 5.18% 2042-10-01 USDGrand Parkway Transportation Corporation | United States | 2042-10-01 | 5.184 | 5.05 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Grand Parkway Transportation Corporation has actively engaged in bond issuances to finance its infrastructure projects. In 2015, the company issued its first series of revenue bonds, totaling $1 billion, aimed at funding the expansion of the Grand Parkway, a strategically significant toll road. Currently, these bonds yield approximately 4.5%, which is competitive within the toll road industry. Notably, in 2021, the company refinanced its bonds to take advantage of lower interest rates, streamlining its capital structure while maintaining investor confidence through a solid credit rating.