The California Infrastructure and Economic Development Bank (IBank), established in 1994 and headquartered in Sacramento, aims to enhance the economic well-being of California through infrastructure investment. IBank provides various financing options for public and private entities, focusing on projects that promote environmental sustainability, economic development, and public health.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CASDEV 4.09% 2049-07-01 USDCalifornia Infrastructure and Economic Development Bank | United States | 2049-07-01 | 4.090 | 5.70 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, IBank has played a pivotal role in the state's financial landscape, issuing bonds to fund infrastructure projects ranging from transportation to energy efficiency. Notably, in 2010, IBank launched the California Infrastructure Bank Revenue Bonds program, which has since facilitated over $1 billion in funding, helping to support critical upgrades across various sectors. As of 2023, yields on IBank bonds remain competitive within the industry, bolstered by the Bank's strong credit ratings and strategic focus on financing essential public projects.