Build America Bonds
Alamo Capital offers secondary liquidity on Build American Bonds (BABs). We have specialized in fixed income investing since 1987. We have an in-house fixed income trading desk that is focused in maintaining a competitive Build America Bond inventory.
Build America Bonds (BABs), are Federally Taxable but State tax exempt municipal bonds. Build America Bonds are debt securities issued by a state, municipality or county to finance capital expenditures. Like municipal bonds, these bonds are secured by the municipality that issues the bonds. These bonds were only issued for a certain time period, so availability in the secondary market is limited.
There are two kinds of Build America Bonds (BABs):
Tax Credit BABs
- BABs issuers receive a subsidy from the federal government. (More popular and is the structure for most BABs)
Direct Payment BABs
- BABs holders receive a tax credit equal to 35% of the interest on the bond each year from the federal government
Alamo Capital offers secondary liquidity on BABs and offerings can be found on BOLTS. To view our BOLTS (Bonds On-Line Trading System) inventory please here.
Contact Us:
If you are interested in learning more about BABs, please contact an Alamo Capital Bond Specialist by calling (877) 68-ALAMO : (877) 682-5266 or email marketing@alamocapital.com.
Revised 01/30/12