The Texas Water Development Board (TWDB), founded in 1957 and based in Austin, Texas, serves as the principal agency for water planning and financing in the state. Its primary purpose is to ensure the availability of safe and adequate water resources, while providing financial assistance for water-related projects throughout Texas.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TXSWTR 4.19% 2043-10-15 USDTexas Water Development Board | United States | 2043-10-15 | 4.190 | 4.62 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, the TWDB has played a crucial role in the state's infrastructure development by issuing bonds to finance water and wastewater projects. Notably, their bond issuance began in 1961, with substantial debt offerings designed to support both regional and local water initiatives. The agency's bonds are often structured with diverse features, including fixed and variable interest rates, and currently offer competitive yields amidst industry benchmarks, making them an attractive option for retail investors seeking stable returns. Recent news includes the TWDB's issuance of $1 billion in revenue bonds to support critical conservation projects across Texas, reinforcing their commitment to sustainable water management.