Bond North Texas Tollways Authority 5% ( US66285WNM46 ) in USD

Issuer	North Texas Tollways Authority
Market price	100 % ▲
Country	United States
ISIN code	US66285WNM46 ( in USD )
Interest rate	5% per year ( payment 2 times a year)
Maturity	01/01/2035
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Minimal amount	/
Total amount	78 535 000 USD
Cusip	66285WNM4
Next Coupon	01/01/2026 ( In 14 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. A detailed analysis reveals a key fixed-income instrument issued by the North Texas Tollway Authority (NTTA), a prominent governmental entity operating within the United States. The NTTA is strategically responsible for the financing, construction, maintenance, and operation of toll roads and related transportation infrastructure across the rapidly expanding North Texas region. Its financial stability, which underpins its debt obligations, is primarily derived from robust user toll revenues generated by its extensive network of essential roadways. As a significant issuer in the municipal bond market, the Authority leverages such offerings to fund critical public infrastructure projects, thereby contributing to regional economic growth and offering investors a stake in the area's development. Specifically, this bond, identified by ISIN US66285WNM46 and CUSIP 66285WNM4, is denominated in United States Dollars (USD) and features a fixed annual coupon rate of 5.0%. The total original issue size for this particular series stands at $78,535,000. Currently, the bond is observed trading at 100% of its par value on the market, reflecting its alignment with prevailing market conditions and investor confidence. Investors are positioned to receive interest payments on a semi-annual basis, providing a consistent income stream until the bond's maturity date of January 1, 2035, when the principal amount will be repaid.