Texas Private Activity Bond Surface Transportation Corporation, established in Austin, Texas, focuses on facilitating transportation infrastructure projects through the issuance of tax-exempt bonds. The corporation provides crucial funding options to enhance surface transportation systems across the state, catering to a wide range of public infrastructure needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TXSTRN 3.92% 2049-12-31 USDTexas Private Activity Bond Surface Transportation Corporation | United States | 2049-12-31 | 3.922 | 5.65 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception in the early 2000s, the Texas Private Activity Bond Surface Transportation Corporation has issued billions in bonds, significantly contributing to the state’s transportation development initiatives. Notable bond issuances include a $600 million package in 2015 that financed major highway expansions, reflecting competitive yields compared to the industry average. The corporation's bonds are often structured with various features such as tax exemptions and flexible terms, attracting retail investors seeking stable returns in a low-interest environment.