The Philadelphia Authority for Industrial Development (PAID) was established in 1958 and is based in Philadelphia, Pennsylvania. Its main purpose is to promote economic development through financing and investment strategies that support local businesses and enhance job creation. PAID primarily provides financing solutions via industrial development bonds, which cater to manufacturers and other qualifying businesses looking to expand or improve their facilities.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PHIDEV 0.00% 2025-04-15 USDPhiladelphia Authority for Industrial Development | United States | 2025-04-15 | 0.000 | 4.74 |
| PHIDEV 0.00% 2026-04-15 USDPhiladelphia Authority for Industrial Development | United States | 2026-04-15 | 0.000 | 4.24 |
| PHIDEV 3.96% 2026-04-15 USDPhiladelphia Authority for Industrial Development | United States | 2026-04-15 | 3.964 | 7.13 |
| PHIDEV 6.35% 2028-04-15 USDPhiladelphia Authority for Industrial Development | United States | 2028-04-15 | 6.350 | 4.16 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
PAID has a significant history of bond issuance, dating back to its founding in 1958, with prominent issuances aimed at fostering industrial growth within the region. Notable bond offerings include the $20 million in bonds issued for a major manufacturing facility in 2010, which helped revitalize the local economy. Currently, the yields on PAID's bonds are competitive within the industry, often reflecting the authority's strong credit ratings and investor interest. Additionally, PAID has incorporated features such as tax-exempt status for certain bonds, further enhancing their attractiveness to retail investors.