The City of Palo Alto, founded in 1894 and located in California's Silicon Valley, serves as a municipal government dedicated to improving the quality of life for its residents through effective governance and sustainable services. The city offers a range of essential products and services, including water, electricity, and waste management, alongside recreational facilities and community programs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PATWTR 4.70% 2027-06-01 USDCity of Palo Alto | United States | 2027-06-01 | 4.700 | 5.38 |
| PATWTR 5.95% 2035-06-01 USDCity of Palo Alto | United States | 2035-06-01 | 5.950 | 5.92 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Palo Alto has a robust history of bond issuances, beginning in the mid-20th century, aimed at funding various infrastructure and public projects. Notably, the city issued $35 million in bonds in 2015 to finance water system upgrades, featuring a 4% coupon rate that has consistently performed well against industry benchmarks. More recently, the city has announced plans for additional green bonds to support eco-friendly initiatives, reflecting its commitment to sustainability and responsible fiscal management.