The Successor Agency to the Murrieta Redevelopment Agency, established in Murrieta, California, serves as a vital entity for managing former redevelopment assets and obligations following the dissolution of the California Redevelopment Agencies in 2012. The agency focuses on revitalizing the local economy through strategic planning and financial management, with key services that include overseeing long-term redevelopment bonds and facilitating community development projects.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MURDEV 3.75% 2037-08-01 USDSuccessor Agency to the Murrieta Redevelopment Agency | United States | 2037-08-01 | 3.750 | 4.91 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, the Successor Agency has actively issued various bonds to finance its redevelopment initiatives, starting with its first bond issuance in 2013. Notable issuances include the 2015 $25 million tax allocation bonds aimed at funding critical infrastructure projects, which achieved competitive yields reflecting the agency's sound financial management. Current yields remain favorable compared to the industry average, with features such as callable options that provide flexibility to investors. Recent developments include the agency's commitment to transparency in reporting and updates on projects financed through its bonds, ensuring investor confidence in its ongoing endeavors.