The New Jersey Economic Development Authority (NJEDA), established in 1974 and based in Trenton, New Jersey, is a crucial government agency designed to drive economic growth and development throughout the state. The NJEDA provides a variety of financial assistance programs, including loan and grant options, tax incentives, and financing for development projects aimed at enhancing the business landscape in New Jersey.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NJSDEV 0.00% 2025-02-15 USDNew Jersey Economic Development Authority | United States | 2025-02-15 | 0.000 | 0.00 |
| NJSDEV 0.00% 2026-02-15 USDNew Jersey Economic Development Authority | United States | 2026-02-15 | 0.000 | 4.09 |
| NJSDEV 5.00% 2028-12-01 USDNew Jersey Economic Development Authority | United States | 2028-12-01 | 5.000 | 5.03 |
| NJSDEV 5.40% 2038-12-01 USDNew Jersey Economic Development Authority | United States | 2038-12-01 | 5.400 | 5.37 |
| NJSDEV 5.71% 2030-06-15 USDNew Jersey Economic Development Authority | United States | 2030-06-15 | 5.706 | 4.03 |
| NJSDEV 5.76% 2031-06-15 USDNew Jersey Economic Development Authority | United States | 2031-06-15 | 5.756 | 4.11 |
| NJSDEV 7.40% 2029-02-15 USDNew Jersey Economic Development Authority | United States | 2029-02-15 | 7.398 | 4.08 |
| NJSDEV 7.43% 2029-02-15 USDNew Jersey Economic Development Authority | United States | 2029-02-15 | 7.425 | 3.93 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, the NJEDA has been an active player in the bond market, issuing its first bonds in the late 1970s to finance various development initiatives. Notably, in 2021, NJEDA issued $600 million in Green Bonds to fund environmentally sustainable projects, demonstrating a commitment to both financial and social responsibility. Current yields on NJEDA bonds often outpace industry averages, reflecting investor confidence in the authority's robust credit standing and the positive impact of its initiatives on New Jersey's economy. Special features of these bonds include tax-exempt status, which provides added appeal to retail investors looking for attractive fixed-income opportunities.