The Successor Agency to the Norco Community Redevelopment Agency, established to facilitate the winding down of redevelopment activities in Norco, California, operates with the core purpose of managing assets and obligations previously held by the former agency. The agency focuses on providing financial stability through its involvement in community development projects and the management of real estate assets in the region.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NRCDEV 3.75% 2036-03-01 USDSuccessor Agency to the Norco Community Redevelopment Agency | United States | 2036-03-01 | 3.752 | 4.41 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Historically, the Successor Agency began its bond issuance activities in 2012 following the dissolution of California's redevelopment agencies. Notable issuances include the 2013 bond series used for infrastructure improvements, which achieved a yield of 3.5%, effectively lower than the average prevailing rates within the industry. The agency's bonds have been characterized by their high credit ratings and the unique feature of leveraging tax increment financing, which provides additional security to investors. Recent developments include discussions around strategic partnerships to optimize property use, potentially influencing future bond offerings.