Lima Arizona Investment-Grade Bond Optional Redemption (without a Par Call) is a type of investment instrument available in the financial market. This bond is specifically issued by the Pima County government in the state of Arizona, offering investors an opportunity to invest in a secure and stable financial instrument while earning a fixed income. These investment-grade bonds are known for their high creditworthiness and low risk profile. It means that investors can expect timely interest payments and the return of their principal amount upon maturity. Lima Arizona Investment-Grade Bond Optional Redemption (without a Par Call) is designed to cater to investors who prefer flexibility in their investment options. Key Features: 1. High Credit Rating: Lima Arizona Investment-Grade Bond Optional Redemption (without a Par Call) has received a strong credit rating from reputable credit rating agencies. This reflects the county's financial stability and ability to meet its financial obligations. 2. Fixed Interest Payments: Investors in Lima Arizona Investment-Grade Bond Optional Redemption (without a Par Call) receive regular interest payments at fixed intervals. This predictable income stream offers a stable source of revenue for investors. 3. Optional Redemption: This bond gives the issuer the option to redeem the bond before its maturity without requiring a specific par call provision. This feature provides flexibility to the issuer, allowing them to reevaluate their financial position and potentially refinance the bond at advantageous interest rates. 4. Maturity Date: Lima Arizona Investment-Grade Bond Optional Redemption (without a Par Call) has a specific maturity date, which indicates the period until investors can expect their principal amount to be repaid in full. This maturity date is determined at the time of issuance and provides investors with a timeline for their investment. Different types of Lima Arizona Investment-Grade Bond Optional Redemptions (without a Par Call): 1. Lima Arizona Investment-Grade Bond Series A: This series of bonds carries specific terms and conditions, such as interest rate, maturity date, and redemption terms, determined at the time of issuance. It offers investors an opportunity to invest in Pima County's growth and development. 2. Lima Arizona Investment-Grade Bond Series B: Another series of bonds issued by Pima County, which caters to specific investment requirements or projects. With unique terms and conditions tailored to meet specific investment needs, this series provides investors with diversity in options. In summary, Lima Arizona Investment-Grade Bond Optional Redemption (without a Par Call) is a secure and stable investment opportunity offered by Pima County in Arizona. It provides investors with fixed income through regular interest payments and the flexibility of optional redemption. With different series available, investors can choose the bond that best aligns with their investment objectives and risk appetite.