Bond North Texas Tollways Authority 5% ( US66285WYP57 ) in USD

Issuer	North Texas Tollways Authority
Market price	100 % ▲
Country	United States
ISIN code	US66285WYP57 ( in USD )
Interest rate	5% per year ( payment 2 times a year)
Maturity	01/01/2027
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Minimal amount	/
Total amount	7 625 000 USD
Cusip	66285WYP5
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 examination of the debt security identified by ISIN US66285WYP57 (CUSIP 66285WYP5) highlights an obligation issued by the North Texas Tollway Authority, a key governmental agency based in the United States. As a vital part of the nation's infrastructure, the North Texas Tollway Authority is primarily responsible for the development, maintenance, and operation of toll roads across the North Texas region, with its revenues substantially derived from the collection of tolls, providing a foundational financial backing for its bond issuances. This specific USD-denominated bond, currently observed at a market price of 100% of its par value, offers a fixed annual interest rate of 5%, with payments to bondholders scheduled on a semi-annual basis. The total size of this particular issuance is recorded at $7,625,000, and it is set to mature on January 1, 2027, categorizing it as a short-to-medium-term fixed-income instrument within the financial market.