Featured Municipal Bond in the Market, Week of 11/07/2016: State of Mississippi General Obligation Bonds – $227 Million
This week’s featured bond comes from the State of Mississippi. Mississippi is scheduled to issue $227 million in General Obligation Bonds the week of November 07, 2016. These bonds are scheduled to be issued as a single series, and their purpose is to refund various previously issued State of Mississippi general obligation bonds issued in 2006, 2011, 2012, 2013, and 2015. Security for the bonds is a direct general obligation, pledging the full faith and credit of the State. These details and more on purposes, security, the fiscal operations of the State, its economic outlook, and other matters pertaining to these Mississippi general obligation bonds can the found in the official statement, provided by MuniOS.
As of September 2016, the State of Mississippi has an unemployment rate of 5.8%, which is 0.3% lower than at the same time in 2015, and 0.8% higher than the current national rate.
Provided at left is a quick snapshot of financial characteristics of the State of Mississippi, along with the medians for other states, courtesy of Merritt Research Services, LLC. Merritt has many of the sector medians publicly available and regularly updated on their Benchmark Central page. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness). In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database. These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.