The City of Memphis, Tennessee, established in 1819, serves as a significant urban center located in the southwestern part of the state. It aims to provide essential services to its residents and foster economic growth while preserving the cultural heritage of the region. Key services include public safety, education, infrastructure maintenance, and community development initiatives.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MEM 2.95% 2025-04-01 USDCity of Memphis Tennessee | United States | 2025-04-01 | 2.948 | 2.93 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The City of Memphis has a long history of bond issuances, with its first bonds dating back to the early 20th century. Notable recent issuances include the Series 2022 General Obligation Bonds, which aimed to finance critical infrastructure projects and community improvements. Currently, yields on Memphis bonds are competitive within the municipal bond market, making them attractive to investors seeking stable returns. The city's bonds also feature tax-exempt status, appealing to retail investors. Recent news includes plans to initiate a new series of bonds to support urban renewal efforts, reflecting the city's commitment to sustainable development and financial growth.