Lower Colorado River Authority 5% 05/2028
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+0.41%3M
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The bond is a senior unsecured municipal security issued by the Lower Colorado River Authority (LCRA) in the United States, denominated in U.S. dollars with a 5.000% annual coupon and a fixed maturity on May 15 2028. It carries a face value of $100 and is classified as senior unsecured, reflecting its priority within the LCRA’s general obligation hierarchy. The issuance falls under the municipal sector, indicating that it is likely backed by the authority’s taxing power and other revenue streams rather than specific project cash flows. The Lower Colorado River Authority is a nonprofit public utility founded by the Texas Legislature in November 1934. It serves Texas communities by managing water resources, providing public power, operating transmission lines, maintaining parks, and delivering various community services. The authority’s broad utility role and long‑standing public‑service mandate underpin its credit profile, which is reflected in an S&P rating of A+—a strong‑grade assessment—while Moody’s has not assigned a rating. The 2028 maturity places the bond in the intermediate‑term segment of LCRA’s debt portfolio.
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