The Morongo Band of Mission Indians, founded in 1968 and located in Southern California, is a federally recognized Native American tribe dedicated to preserving its cultural heritage and promoting economic self-sufficiency. A key driver of its economic activities is the Morongo Casino Resort & Spa, which offers a range of gaming and hospitality services, thereby contributing to local employment and tourism.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MORONG 7.00% 2039-10-01 USDMorongo Band of Mission Indians | United States | 2039-10-01 | 7.000 | 4.51 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Morongo Band began issuing bonds in the early 2000s to support various projects, including infrastructure development and expansion of their casino operations. Notably, they issued a $150 million bond in 2014 to refinance existing debt and fund new initiatives, which attracted attention due to its favorable yield relative to tribal gaming industry averages. Current offerings include bonds with unique features such as tax-exempt status, enhancing their appeal to retail investors seeking attractive yields in the competitive bond market.