The Virginia Resources Authority (VRA), founded in 1984 and based in Richmond, Virginia, serves as the state's principal financing authority for local governments and public agencies. Its primary purpose is to provide financial assistance for projects designed to enhance the state's infrastructure, particularly in water supply, wastewater treatment, and solid waste management.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| VASGEN 4.65% 2041-11-01 USDVirginia Resources Authority | United States | 2041-11-01 | 4.653 | 4.82 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
VRA has a notable history of bond issuances, having initiated its bond program shortly after its establishment in 1984. Among its significant offerings, the VRA issued a $500 million bond in 2009 to fund critical water infrastructure projects across the state. Currently, VRA bonds yield competitively, often outperforming industry averages, which reflects the strong demand for municipal bonds. Notably, the authority's bonds feature tax-exempt status, making them attractive to investors seeking tax-efficient income. Recent announcements highlight plans for upcoming series aimed at further supporting Virginia's environmental projects, signaling VRA's continued commitment to sustainable development.