Maryland Bonds (Maryland Municipal Bonds)

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Maryland bonds (Maryland Municipal Bonds) are government bonds that provide tax-exempt income to investors. Some Maryland municipal bonds may be taxed as per government regulations. In October, 2009, the State’s AAA bond rating has been affirmed by the three rating agencies — Standard and Poor’s, Fitch and Moody’s. This was in preparation of the sale of General Obligation bonds valued around $800 million.[br]
 

Maryland Bonds (Maryland Municipal Bonds) in Baltimore County


Maryland bonds (Maryland Municipal Bonds) are government bonds that provide tax-exempt income to investors. Some Maryland municipal bonds may be taxed as per government regulations. In October, 2009, the State’s AAA bond rating has been affirmed by the three rating agencies — Standard and Poor’s, Fitch and Moody’s. This was in preparation of the sale of General Obligation bonds valued around $800 million.[br]

 

Maryland Bonds (Maryland Municipal Bonds) in Baltimore County

Baltimore County, Maryland (General obligation bonds; Good Faith: $630,000) county offers both tax-exempt and taxable bonds. Of the newest lot of bonds, the maturity date of these bonds may fall on 1st November, from 2020 to 2029. These bonds will start accruing interest from May 1, 2010 and biannually thereafter. Investors will be required to buy them in the denominations of $5000 each. Bidders can assign two or more consecutive annual principal payments in their proposals in the form of a term bond.

 

The following are some popular Maryland municipal bonds:

 

  • Maryland St Community Development Administration Series A; Coupon/Interest Rate: 4.875% and Maturity Date: 2017-06-01
  • Baltimore County Maryland Metropolitan District 72nd Issue Series B; Coupon/Interest Rate: 4.950% and Maturity Date: 2022-11-01
  • University Maryland System Auxiliary Series A; Coupon/Interest Rate: 4.500% and Maturity Date: 2013-04-01
  • Maryland St Department Transportation Consolidated Second Issue; Coupon/Interest Rate: 5.000% and Maturity Date: 2023-09-01
  • Queen Annes County Maryland Public Facilities Series B; Coupon/Interest Rate: 5.375% and Maturity Date: 2025-10-01
  • Howard County Maryland Metropolitan District Series A; Coupon/Interest Rate: 3.750% and Maturity Date: 2021-02-15

 

Maryland Bonds (Maryland) Municipal Bonds: Revenue bonds

Revenue bonds are promissory notes mostly issued by municipal corporations and other government entities to be sold in general public. These bonds are issued with the aim of construction or expansion of projects related to:[br]

  • Infrastructure development
  • Water utilities
  • Housing improvements
  • Transportation hubs, such as airports and seaports
  • Highways and bridges
  • Power plants

These bonds are extremely popular because they usually offer more interest than a normal bank rate. Any government fund or agency that operates as a business and generate revenues and incur expenses can issue revenue bonds.

 

 

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