Bloomberg Law
March 24, 2023, 3:00 PM

Financial Paragon in North Carolina Offers Bond Haven: Muni Wise

Joe Mysak
Joe Mysak
Bloomberg News

There’s really only one page investors should look at in assessing the $384.9 million in general obligation bonds Wake County, North Carolina, is taking bids on next week.

It’s part of an appendix at the end of the bond documents where you can see 10 years of population statistics. In 2013, it shows 952,143. In 2022: 1,150,204.

That’s an increase of almost 21%, and with pretty much any municipal bond issuer, you can stop right there. Everyone wants to move to Wake County, which includes the city of Raleigh and 25% of the famed tech powerhouse Research Triangle Park. The ...

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