Virgin Islands Municipal Bond

U.S. Virgin Islands Municipal Bond Funds and ETFs invest in debt obligations... U.S. Virgin Islands Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the U.S. Virgin Islands. These funds include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. The U.S. Virgin Islands has issued around $2 billion of municipal bonds. If it was a state, this would put it in the bottom 3 by issuance. Bonds are typically issued for the water and power authorities. There are 2 districts in the U.S. Virgin Islands. Voters typically must approval county and school district bond issuance. The territory of the U.S. Virgin Islands also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 12/27/2024 View more View less

U.S. Virgin Islands Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the U.S. Virgin Islands. These funds include revenue bonds and general obligation bonds... U.S. Virgin Islands Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the U.S. Virgin Islands. These funds include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. The U.S. Virgin Islands has issued around $2 billion of municipal bonds. If it was a state, this would put it in the bottom 3 by issuance. Bonds are typically issued for the water and power authorities. There are 2 districts in the U.S. Virgin Islands. Voters typically must approval county and school district bond issuance. The territory of the U.S. Virgin Islands also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 12/27/2024 View more View less