The City of Allentown, located in Lehigh County, Pennsylvania, was founded in 1762 with the purpose of serving as a vital urban center in the region. It plays a significant role in local governance and public service, providing essential services to its residents while fostering economic growth. Key services include public safety, infrastructure maintenance, and community development.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ALT 0.00% 2025-10-01 USDCity of Allentown Lehigh County Pennsylvania | United States | 2025-10-01 | 0.000 | 4.26 |
| ALT 0.00% 2026-10-01 USDCity of Allentown Lehigh County Pennsylvania | United States | 2026-10-01 | 0.000 | 3.97 |
| ALT 0.00% 2035-10-01 USDCity of Allentown Lehigh County Pennsylvania | United States | 2035-10-01 | 0.000 | 5.30 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Allentown has a history of issuing municipal bonds, with its first issuance dating back to the 19th century as a means to fund local projects and infrastructure. The city’s recent bond offerings have attracted attention due to their competitive yields compared to the industry average. Notably, in 2022, Allentown issued $18 million in general obligation bonds to support public works projects, which garnered positive market response. The bonds often feature a call option, providing flexibility for future refinancings, and reflect the city's commitment to maintaining fiscal responsibility while enhancing community facilities.