Bond North Texas Tollways Authority 5% ( US66285WSF40 ) in USD

Issuer	North Texas Tollways Authority
Market price	100 % ▲
Country	United States
ISIN code	US66285WSF40 ( in USD )
Interest rate	5% per year ( payment 2 times a year)
Maturity	01/01/2027
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Minimal amount	/
Total amount	173 085 000 USD
Cusip	66285WSF4
Next Coupon	01/01/2026 ( In 17 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 fixed-income security issued by the North Texas Tollway Authority (NTTA) is currently available on the market, offering investors a distinct opportunity within the municipal bond sector; the North Texas Tollway Authority (NTTA) stands as an independent government agency dedicated to constructing, maintaining, and operating toll roads in the North Texas region, generating its revenue primarily through tolls collected from users of its extensive network of roadways, a consistent revenue stream that underpins the creditworthiness of its issued debt, securing bond payments. This particular bond, identified by ISIN US66285WSF40 and CUSIP 66285WSF4, is denominated in US Dollars (USD), carries a fixed interest rate, or coupon, of 5% per annum, with interest payments distributed semi-annually (twice per year) to bondholders; the total size of this specific issuance amounts to $173,085,000, reflecting a significant capital raise for the Authority's projects and operations, with the principal amount expected to be repaid on the maturity date of January 1, 2027. Currently, this bond is trading on the market at 100% of its par value, indicating that its market price aligns precisely with its face value, and, having been issued from the United States, this fixed-income instrument offers a defined yield for investors seeking exposure to revenue-backed municipal debt in a stable economic environment.