Piedmont Public Power Agency
Piedmont Mini-Bonds, Series 2027B
Municipal mini-bonds against an operating station in its thirty-ninth year. No ceiling, no investor cap.
The plant has operated since 1988 and the agency is refinancing its participation share while extending the license. Payment comes from nine member cities under cost-of-service take-or-pay contracts, not from the plant's market performance. Twenty year term at 4.25%, in $500 denominations, freely tradable, and exempt from Securities Act registration entirely.
$24,800,000 committed of $40,000,000
$24,800,000 released · 62% subscribed
- Minimum
- $500
- Target coupon
- 4.25%
- Term
- 20 yr
- Investors
- 7,244
$500 per unit
Annual, fixed
Closes April 30, 2027 · 229 days remaining
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Instrument and terms
- Instrument
- Municipal mini-bond
- Risk tier
- Tier II · Operating Assets
- Target coupon
- 4.25%
- Expected term
- 20 yr
- Price per unit
- $500
- Minimum investment
- $500
- Target raise
- $40,000,000
- Opens
- June 29, 2026
- Closes
- April 30, 2027
- Escrow agent
- Not applicable, municipal trustee
Regulatory rail
- Exemption
- Municipal securities, Section 3(a)(2)
- Offering ceiling
- Unlimited
- Who can buy
- All investors
- Resale
- Freely tradable
- Resale restriction
- None
- Residency
- No restriction
- Accreditation
- Not required
Secondary tradingComing soon
Freely tradable does not mean there is a market. An alternative trading system for platform securities is planned and is not operational.