Bond North Texas Tollways Authority 4.125% ( US66285WJ805 ) in USD

Issuer	North Texas Tollways Authority
Market price	100 % ▲
Country	United States
ISIN code	US66285WJ805 ( in USD )
Interest rate	4.125% per year ( payment 2 times a year)
Maturity	01/01/2040
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Minimal amount	/
Total amount	100 000 000 USD
Cusip	66285WJ80
Next Coupon	01/01/2026 ( In 16 days )
Detailed description	The North Texas Tollway Authority (NTTA) is a government agency responsible for planning, building, and operating toll roads in several North Texas counties, aiming to alleviate traffic congestion and improve transportation infrastructure. An in-depth look at a significant fixed-income security reveals details pertaining to a bond identified by ISIN US66285WJ805 and CUSIP 66285WJ80. This particular bond is issued by the North Texas Tollway Authority (NTTA), a prominent governmental agency based in the United States. The NTTA is a political subdivision of the State of Texas, established to acquire, construct, maintain, and operate turnpike projects across the Dallas-Fort Worth metropolitan area. Its operations are crucial for the region's infrastructure development, facilitating traffic flow and supporting economic growth through a network of toll roads, including President George Bush Turnpike, Sam Rayburn Tollway, and Dallas North Tollway. The Authority typically finances its extensive infrastructure projects through the issuance of revenue bonds, backed by toll revenues and other pledged income, making it a key player in the municipal bond market dedicated to public works. Focusing on the characteristics of this specific issuance, it is denominated in United States Dollars (USD) and currently trades at its par value, registering a market price of 100%. The bond carries a fixed interest rate, or coupon, of 4.125% per annum. With a substantial total issue size of USD 100,000,000, this particular series represents a significant component of the Authority's long-term financing strategy. Investors can expect interest payments on a semi-annual basis, consistent with a payment frequency of two times per year. The bond features a long-term maturity profile, set to expire on January 1, 2040, underscoring the ongoing need for and investment in critical public infrastructure through the municipal bond market.