The Maryland Economic Development Corporation (MEDCO) was established in 1984 and is headquartered in Baltimore, Maryland, with a mission to foster economic growth in the state through various financing solutions. MEDCO primarily offers tax-exempt and taxable bond financing options to support economic development projects, facilitating access to capital for local businesses and public entities.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MDSDEV 4.55% 2035-06-01 USDMaryland Economic Development Corporation | United States | 2035-06-01 | 4.550 | 5.58 |
| MDSDEV 4.75% 2042-06-01 USDMaryland Economic Development Corporation | United States | 2042-06-01 | 4.750 | 5.94 |
| MDSDEV 5.32% 2051-06-01 USDMaryland Economic Development Corporation | United States | 2051-06-01 | 5.320 | 5.99 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
MEDCO has a notable history in bond issuances, having first started in the mid-1980s and becoming a vital resource for economic development financing in Maryland. Among significant issuances, their 2021 taxable bonds, which saw yields competitive with state averages, funded infrastructure improvements for key projects. In recent news, the corporation has focused on expanding its bond portfolio, attracting investor interest due to special features like flexible redemption options, reflecting a proactive approach to market demands and underscoring its commitment to enhancing the state's economic landscape.