Bond North Texas Tollways Authority 5% ( US66285WXN19 ) in USD

Issuer	North Texas Tollways Authority
Market price	100 % ▲
Country	United States
ISIN code	US66285WXN19 ( in USD )
Interest rate	5% per year ( payment 2 times a year)
Maturity	01/01/2048
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Minimal amount	/
Total amount	183 565 000 USD
Cusip	66285WXN1
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. The North Texas Tollway Authority (NTTA), an independent government agency responsible for developing, constructing, and maintaining critical toll roads and related transportation infrastructure across North Texas, has issued a significant long-term fixed-income instrument. This bond, identified by ISIN US66285WXN19 and CUSIP 66285WXN1, is denominated in United States Dollars (USD) and carries a fixed annual interest rate of 5%, with coupon payments disbursed semi-annually. With a total issue size of $183,565,000, this security is set to mature on January 1, 2048, offering investors a long-duration exposure to the US municipal bond market. The bond is currently trading at 100% of its par value on the market, reflecting its present valuation.