In a recent government meeting, Deputy CFO Yolanda Carr provided an update on the city of Atlanta's financial activities, specifically regarding a significant bond issuance totaling $368 million. This issuance, which was part of a pricing event held the previous day, is earmarked for various infrastructure projects, including enhancements to the domestic terminal at Hartsfield-Jackson International Airport, security upgrades, and the construction of a new parking deck.

Carr highlighted that the bond issuance consists of three separate series, including a green bond series aimed at supporting the city’s sustainability initiatives. The total amount raised, including premiums, reached $410 million, with an interest rate set at 4.2%. This financial maneuver is seen as a positive development for the city, facilitating the funding of essential projects and maintaining fiscal health.

The presentation also acknowledged the contributions of various stakeholders involved in the transaction, including co-bond counsel, financial advisors, underwriters, and city officials. Carr expressed gratitude for the collaborative efforts that made the bond issuance successful, despite the absence of CFO Balla due to travel disruptions caused by Hurricane Tropical Debbie.

The meeting underscored the city's commitment to advancing infrastructure while also addressing sustainability through its financial strategies.