The site is dedicated to publishing news and information related to ‘Build America’ bonds.

The US government instituted the ‘Build America Bonds’ program in April 2009 to allow state and local governments the opportunity to obtain debt funding at lower borrowing costs. Traditionally, issuers would sell tax-exempt municipal securities to fund projects like schools, roads, infrastructure, water projects, etc. However, due to difficulties in selling these securities, the federal government instituted the ‘Build America Bonds’ program to subsidize a larger portion of the borrowing costs.

‘Build America Bonds’ are taxable bonds issued by state and local governments to give them access to institutional buyers that would otherwise buy conventional corporate bonds. The federal government pays 35% of the interest payments directly to the issuer of the ‘Build America Bonds’. Therefore, they will are able to offer higher coupon rates to investors and gain access to more sources of capital than traditional tax-exempt municipals allow.

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