Salt River Project Agricultural Improvement and Power District (SRP) was founded in 1903 and is located in Phoenix, Arizona. The organization serves to provide water and electricity to a growing community, focusing on sustainable practices and reliable infrastructure. SRP is not only a primary supplier of electric energy in the region but also an essential provider of irrigation water, facilitating agricultural operations across the area.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SALPWR 4.84% 2041-01-01 USDSalt River Project Agricultural Improvement and Power District | United States | 2041-01-01 | 4.839 | 5.00 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
SRP has been active in the bond market for decades, first issuing bonds in 1930 to finance its infrastructure projects. Significant bond issuances include the 2012 $500 million offering for water conservation initiatives and a notable series in 2020 linked to renewable energy projects. Current yields on SRP bonds typically compare favorably to industry averages due to the district's strong credit rating and financial performance. Notably, SRP's bonds often feature tax-exempt status, appealing to income-seeking investors, further enhanced by the district's commitment to maintaining its creditworthiness amid changing economic conditions.