PORT OF LOS ANGELES LAUNCHES NEW INVESTOR
RELATIONS WEBSITE TO ATTRACT MORE INVESTORS, DIVERSIFY INVESTOR BASE
LOS ANGELES - December 4, 2017 - The Port of Los Angeles has launched portoflabonds.org, a newly dedicated investor website to better communicate with its invested stakeholders, including current and potential bond investors who support Port infrastructure projects, institutional investors, and smaller investors, like local banks and individuals, and members of the public.
With more than 2,000 pages of data and documents, the corporate-style investor platform provides insight into the credit fundamentals behind the Port’s longstanding 'AA/Aa2/AA' rating - the highest rating attainable for self-funded ports.
"This new tool is designed to make it easier for those interested in Port of Los Angeles bond opportunities to quickly access information about our nation's busiest container port," said Marla Bleavins, Deputy Executive Director and Chief Financial Officer of the Port of Los Angeles. "This site consolidates investment opportunities, financial data, and other resources needed to make informed decisions."
"We're very proud to work with the Port of Los Angeles to increase its disclosure and transparency to the bond market," said BondLink CEO and co-founder Colin MacNaught. "Disclosure and efficiency attracts investors, particularly individual investors in the Los Angeles region who may want to invest locally."
This new investor resources tool is powered by BondLink, a Boston-based financial technology company that seeks to provide investor relations solutions to issuers in the municipal bond market.
The Port of Los Angeles' investor platform is a free and open resource available to everyone. The new website consolidates Port data and documents that are valuable to bond investors and rating agencies, providing quick and easy access to extensive financial information. The long-term goal of the investor platform is to attract more investors, including retail investors, local banks and wealth managers, to the Port's bond program in order to increase distribution and diversify its investor base.
The Port of Los Angeles is a non taxpayer-supported department of the City of Los Angeles and its revenues are derived from fees for shipping services and leasing of facilities. North America's leading seaport by container volume and cargo value, the Port of Los Angeles facilitated $272 billion in trade during 2016.