LOS ANGELES — The Port of Los Angeles launched a new website Monday powered by Boston-based BondLink’s technology to provide bond investors with easy access to the port's financial data.
The portoflabonds.org site was designed to communicate better with 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, according to port officials.
The corporate-style investment platform consolidates more than 2,000 pages of data with the aim of helping investors make informed decisions, said Marla Bleavins, the port's deputy executive director and chief financial officer.
“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,” Bleavins said.
The new investor resources tool powered by BondLink’s technology seeks to provide investor relations solutions to issuers in the municipal bond market.
“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.”
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, according to port officials.
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 facilities’ leases. North America’s leading seaport by container volume and cargo value, the Port of Los Angeles saw $272 billion in trade during 2016.