City of Los Angeles Strengthens Investor Engagement with Launch of Transparency Website
October 19, 2023
Los Angeles partners with BondLink to streamline delivery of financial information to professional & retail investors
(LOS ANGELES, CA, October 19, 2023) — The City of Los Angeles (“the City”) today announced the unveiling of CityofLosAngelesInvestorRelations.bondlink.com, a cutting-edge investor relations website dedicated to fostering even greater financial transparency and engagement with their valued stakeholders.
In partnership with BondLink, the City developed this platform to serve as a central hub for citizens, current bondholders, and potential investors. The website provides comprehensive insights into the City's debt programs, finances, disclosures, bond ratings, anticipated bond offerings, and more.
They join a large and growing list of major issuers in California committing to stronger investor relations while accessing the particularly volatile municipal market that 2023 has presented, including the State of California, Los Angeles County, San Diego Association of Governments (SANDAG), San Francisco Public Utilities Commission, California Department of Water Resources, and Los Angeles County Metro Transit Authority.
Key to this initiative has been the support of Matthew W. Szabo, City Administrative Officer, whose office manages and structures debt issuances and oversees the City’s debt programs. Mr. Szabo stated, "This new website exemplifies our commitment to strong financial management and improves access to our government. We are providing tools to empower both institutional and retail investors to gain greater confidence in our organization, benefitting our debt and capital programs well for years to come.”
“The City achieved a great balance with this new, dedicated IR site, providing institutional investors with the depth of information they desire in a format that’s easily accessible for the retail buyers in the State,” said Colin MacNaught, CEO and Co-founder of BondLink. “We’re excited to support their efforts and look forward to further showcasing their impactful initiatives.”
For more information about the City’s finance programs, please visit CityofLosAngelesInvestorRelations.bondlink.com. Investors are encouraged to sign up for alerts to stay in the know about future updates.
About the City of Los Angeles
The City of Los Angeles is the second most populous city in the United States, with an estimated 2023 population of 3.8 million. Founded in 1781, Los Angeles is the principal city of a metropolitan region stretching from the City of Ventura to the north, the City of San Clemente to the south, the City of San Bernardino to the east, and the Pacific Ocean to the west. The City’s 470 square miles contain 11.5 percent of the area of the County of Los Angeles, California (the “County”) and approximately 39 percent of the population of the County. Tourism and hospitality, professional and business services, direct international trade, entertainment (including motion picture, television and digital media production), and wholesale trade and logistics all contribute significantly to local employment. Emerging industries are largely technology driven, and include biomedical technology, digital information technology, environmental technology and aerospace. As home to the film, television and recording industries, as well as important cultural facilities, the City serves as a principal global cultural center.
BondLink, a cloud-based investor relations and debt management platform for the municipal bond market, helps issuers engage more bond investors through transparency and actionable insights. Founded by CEO Colin MacNaught, who spent seven years issuing nearly $25 billion in bonds on behalf of the Commonwealth of Massachusetts, and CTO Carl Query, BondLink went live in 2016. BondLink clients issued more than $48 billion in bonds in 2022. BondLink provides its issuer clients with tools to manage their capital financing programs more efficiently while providing investors with the interim financial reports and data they need to close information gaps and make informed decisions through a single platform. The company is backed by top investors within the municipal bond market, including Intercontinental Exchange and Franklin Templeton. Headquartered in Boston, BondLink was recently named to the 2023 GovTech 100, marking its fifth consecutive appearance on the annual list.
BondLink Contact Information:
Director of Marketing