Pedernales Electric Cooperative, founded in 1938 and headquartered in Johnson City, Texas, serves as a member-owned electric utility dedicated to providing reliable and affordable electricity to its members across Central Texas. The cooperative specializes in electrical distribution, offering services that include power generation, energy efficiency programs, and renewable energy initiatives.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PEDELC 6.20% 2032-11-15 USDPedernales Electric Co-op | United States | 2032-11-15 | 6.202 | 5.24 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Pedernales Electric Co-op has a noteworthy history in bond issuances, having first entered the bond market in the early 1990s to fund infrastructure improvements and service expansions. Its most significant bond issuance occurred in 2021, raising $75 million to enhance its renewable energy capabilities, emphasizing sustainability within its operations. Current bond yields are competitive with the industry average, reflecting the co-op's solid financial health. Notably, the co-op has incorporated flexible call features in some of its bond offerings, providing investors with potential capital appreciation opportunities while mitigating interest rate risks amid changing economic conditions.