Great Lakes Water Authority (GLWA) was established in 2014 and is headquartered in Detroit, Michigan, serving as a public water supply and wastewater treatment authority. The organization was formed to manage and improve the region's water and sewer systems, ensuring reliable service and environmental stewardship. Key services provided by GLWA include the treatment and distribution of drinking water, as well as the collection and treatment of wastewater.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| GRTWTR 3.06% 2039-07-01 USDGreat Lakes Water Authority | United States | 2039-07-01 | 3.056 | 5.00 |
| GRTWTR 3.47% 2041-07-01 USDGreat Lakes Water Authority | United States | 2041-07-01 | 3.473 | 5.26 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
GLWA began issuing bonds shortly after its inception, with its first significant bond issuance occurring in 2015 to fund improvements to its water infrastructure. Notably, in 2020, GLWA issued $200 million in revenue bonds to support capital projects and enhance system reliability, reflecting a commitment to financial strength amid pressing regional needs. Current bond yields are competitive, aligning closely with industry norms, while the authority benefits from features such as tax-exempt status, attracting a diverse range of investors. Recent news indicates ongoing infrastructure investments backed by these issuances, which are critical for long-term sustainability and reliability.