Bond issuing authorities

Bond issuing authorities are organizations, typically governments or municipalities, that create and sell bonds to raise money. When they issue bonds, they borrow funds from investors, promising to pay back the principal amount plus interest over a specified period. This process helps them finance public projects like infrastructure, schools, or hospitals. Essentially, when you buy a bond from an issuing authority, you are lending them money, and they agree to repay you with interest, making it a way for people to invest while helping fund community needs.