The New Jersey Educational Facilities Authority (NJEFA) was established in 1971 and is headquartered in Trenton, New Jersey, with the primary purpose of helping educational institutions secure financing through the issuance of tax-exempt bonds. NJEFA serves public and private colleges and universities, as well as other educational entities, by providing access to low-cost capital for infrastructure and facility improvements.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NJSEDU 4.02% 2039-07-01 USDNew Jersey Educational Facilities Authority | United States | 2039-07-01 | 4.018 | 5.32 |
| NJSEDU 6.19% 2040-07-01 USDNew Jersey Educational Facilities Authority | United States | 2040-07-01 | 6.190 | 8.55 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, NJEFA has been instrumental in financing various educational projects through bond issuances, with an impressive track record that includes over $3 billion in bonds issued since 1981. Notably, in 2020, the Authority issued $100 million in bonds to support capital projects amid the COVID-19 pandemic, which contributed to a historical low yield of 2.5%—attractive compared to the industry average. With its focus on financing educational facilities, NJEFA bonds often feature special provisions that cater to the unique needs of educational borrowers, making them an appealing option for retail investors looking for stable yield opportunities in a reliable sector.