City of Philadelphia Successfully Prices 170 million of Bonds to Fund the Rebuild Program and Refund Existing Bonds for Additional Savings

Philadelphia priced $170 million in bonds on October 1, 2025, to enhance community assets through the Rebuild program, which has invested over $300 million in local parks, recreation centers, and libraries. This issuance represents the final installment of Rebuild Bonds, supporting improvements at 35 additional sites. The bonds also refunded $43 million in existing debt, resulting in $3. 5 million in savings for taxpayers. Mayor Cherelle L.

Parker emphasized the fiscal responsibility of the transaction, which reflects a commitment to enhancing public spaces. Strong investor interest enabled the city to secure lower interest rates, generating an extra $3. 2 million for ongoing projects. The bonds received ratings of A1 from Moody’s and A-plus from Fitch and S&P, indicating a robust financial position for the city. Philadelphia's credit ratings have seen upgrades in recent years, leading to the highest combination in over 40 years.

This financial maneuver not only supports local infrastructure but also demonstrates effective management of public funds.