Mississippi Development Bank, founded in 1981 and headquartered in Jackson, Mississippi, is a state-created financial institution designed to assist local government entities and other qualifying organizations in securing low-cost financing for public projects. The bank primarily offers revenue bonds and loans aimed at funding various public infrastructure initiatives, including healthcare, education, and utilities.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MSSDEV 5.46% 2036-10-01 USDMississippi Development Bank | United States | 2036-10-01 | 5.460 | 5.01 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Mississippi Development Bank has been actively issuing bonds since its inception, establishing itself as a crucial player in municipal financing. Notable issuances include the $60 million bond in 2020 aimed at improving regional water systems, and a series of education-related bonds that have fostered significant growth in local school facilities. Currently, their bonds yield about 3.5%, competitive with other state development banks. The bank also offers unique features such as flexible repayment terms and the ability to finance multi-phased projects, making it an attractive option for retail investors seeking stable investment opportunities.