The Philadelphia Redevelopment Authority (PRA) was established in 1945 and operates in Philadelphia, Pennsylvania, with a mission to promote urban redevelopment and improve the quality of life for residents. The PRA focuses on a variety of projects including neighborhood revitalization, housing development, and commercial improvements, providing essential resources for community growth.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PHIDEV 4.63% 2038-11-01 USDPhiladelphia Redevelopment Authority | United States | 2038-11-01 | 4.634 | 5.00 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The PRA has been a consistent issuer of bonds since its inception, with significant bond issuance milestones including a $50 million issuance in 2016 aimed at financing affordable housing initiatives. Current yields on PRA bonds are competitive within the municipal bond market, often reflecting the authority’s strong track record in project completion and fiscal management. In recent news, the authority launched a new series of bonds in 2023 to fund sustainable development projects across the city, showcasing its commitment to innovative urban solutions.