Idaho Investment-Grade Bond Optional Redemption (without a Par Call) is a financial instrument offered by the state of Idaho to raise capital for various projects or initiatives. This type of bond is designed to attract investors seeking stable and relatively low-risk investment opportunities while supporting the state's economic development. Investment-grade bonds are those that have received a credit rating of BBB- or higher from established rating agencies such as Moody's, Standard & Poor's, or Fitch. These ratings reflect the issuer's creditworthiness and the likelihood of timely coupon payments and repayment of principal. One specific type of Idaho Investment-Grade Bond Optional Redemption (without a Par Call) is the General Obligation (GO) Bond. GO bonds are backed by the full faith and credit of the state government, meaning that Idaho pledges its taxing power to repay bondholders. These bonds are typically used to finance infrastructure projects, such as building and improving schools, highways, or public facilities. Another type is the Revenue Bond. Unlike GO bonds, revenue bonds are secured by the revenue generated by a specific project or source, such as tolls from a toll road or fees from a utility service. In case of a default, bondholders have a claim only on the revenue generated by the project or source specified. The term "Optional Redemption (without a Par Call)" indicates that the issuer has the option to retire or redeem the bonds before their maturity date without paying a premium (par call) to the bondholders. This flexibility allows Idaho to take advantage of favorable market conditions, such as declining interest rates, to refinance the debt at lower costs. Investors in Idaho Investment-Grade Bond Optional Redemption (without a Par Call) benefit from the reliability of receiving periodic interest payments and the assurance of receiving the principal at maturity. These bonds are considered relatively safe investments due to the state's strong credit ratings and the underlying guarantee of repayment. In conclusion, Idaho Investment-Grade Bond Optional Redemption (without a Par Call) refers to a type of bond issued by the state of Idaho, backed by its creditworthiness, and offering investors a predictable return on their investment. GO and Revenue bonds are the two main varieties of investment-grade bonds issued by Idaho. The optional redemption feature without a par call provides flexibility to the issuer, and these bonds are sought after by investors seeking stable income and reliable returns.