P & L Development LLC, founded in 1999 and headquartered in Austin, Texas, specializes in real estate development and investment solutions aimed at enhancing community growth and sustainability. The company focuses on delivering high-quality residential and commercial properties, ensuring innovative design and functionality to meet the needs of local markets.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
P & L Development LLC has been an active participant in the bond market since 2005, issuing a series of municipal bonds to finance various development projects throughout Texas. Notable issuances include the $50 million bond issued in 2015 for the redevelopment of the downtown area, which boasted a competitive yield of 3.75%, significantly outperforming the local market average at that time. The company structured its bonds to include a tax-exempt feature, appealing to retail investors seeking stable income. Recently, P & L announced plans for an upcoming bond issuance aimed at funding green initiatives, reflecting its commitment to sustainable development.