The Grand River Dam Authority (GRDA), established in 1935 and located in Oklahoma, aims to provide reliable, low-cost hydroelectric power while managing water resources for statewide benefits. The authority operates several power plants and lakes, delivering electricity and water to consumers and supporting regional economic development.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| GRRPWR 4.37% 2034-06-01 USDGrand River Dam Authority | United States | 2034-06-01 | 4.365 | 4.40 |
| GRRPWR 4.55% 2039-06-01 USDGrand River Dam Authority | United States | 2039-06-01 | 4.545 | 5.07 |
| GRRPWR 6.93% 2030-06-01 USDGrand River Dam Authority | United States | 2030-06-01 | 6.930 | 4.24 |
| GRRPWR 7.16% 2040-06-01 USDGrand River Dam Authority | United States | 2040-06-01 | 7.155 | 4.89 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
As a significant player in the municipal bond market, the GRDA first issued bonds in 1937 to fund its hydroelectric projects, reflecting its long-standing commitment to infrastructure development. Recently, the GRDA issued a noteworthy $75 million bond in 2022 to finance strategic upgrades to its facilities, with current yields aligning favorably against industry benchmarks. The bonds feature a strong credit rating, and the authority benefits from a diverse revenue stream, ensuring their stability in an evolving energy market.