Texas Electric Market Stabilization Funding N LLC was founded to stabilize the Texas electric market and is headquartered in Austin, Texas. The company specializes in issuing bonds that provide funding to enhance the reliability and efficiency of the electric grid, catering to both public and private sector needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ERCOTT 4.27% 2036-08-01 USDTexas Electric Market Stabilization Funding N LLC | United States | 2036-08-01 | 4.265 | 4.35 |
| ERCOTT 4.27% 2036-08-01 USDTexas Electric Market Stabilization Funding N LLC | United States | 2036-08-01 | 4.265 | 4.35 |
| ERCOTT 4.97% 2042-02-01 USDTexas Electric Market Stabilization Funding N LLC | United States | 2042-02-01 | 4.966 | 5.04 |
| ERCOTT 4.97% 2042-02-01 USDTexas Electric Market Stabilization Funding N LLC | United States | 2042-02-01 | 4.966 | 5.04 |
| ERCOTT 5.05% 2048-08-03 USDTexas Electric Market Stabilization Funding N LLC | United States | 2048-08-03 | 5.050 | 5.46 |
| ERCOTT 5.06% 2046-08-01 USDTexas Electric Market Stabilization Funding N LLC | United States | 2046-08-01 | 5.057 | 5.43 |
| ERCOTT 5.16% 2052-02-01 USDTexas Electric Market Stabilization Funding N LLC | United States | 2052-02-01 | 5.160 | 5.43 |
| ERCOTT 5.16% 2052-02-01 USDTexas Electric Market Stabilization Funding N LLC | United States | 2052-02-01 | 5.160 | 5.46 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception in 2021, Texas Electric Market Stabilization Funding N LLC has made notable strides in the bond market, issuing its first bonds in March 2022, which raised $500 million to support emergency power infrastructure. Recent bond issuances have yielded competitive rates around 4.5%, positioning them favorably within the industry amidst rising interest rates. Noteworthy is their bond's unique feature allowing for early redemption, which was utilized in August 2023 when $150 million was called back due to favorable market conditions, reinforcing investor confidence in their financial strategy.