The New Jersey Transportation Trust Fund Authority, established in 1984 and located in Trenton, New Jersey, plays a crucial role in funding the state's transportation infrastructure projects. Its primary purpose is to finance the maintenance, improvement, and expansion of roads, bridges, and public transit systems throughout New Jersey.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NJSTRN 4.08% 2039-06-15 USDNew Jersey Transportation Trust Fund Authority | United States | 2039-06-15 | 4.081 | 4.73 |
| NJSTRN 4.13% 2042-06-15 USDNew Jersey Transportation Trust Fund Authority | United States | 2042-06-15 | 4.131 | 4.95 |
| NJSTRN 5.75% 2028-12-15 USDNew Jersey Transportation Trust Fund Authority | United States | 2028-12-15 | 5.754 | 4.84 |
| NJSTRN 6.56% 2040-12-15 USDNew Jersey Transportation Trust Fund Authority | United States | 2040-12-15 | 6.561 | 5.29 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Authority has been a significant player in the municipal bond market, with its bond issuances dating back to its inception in 1985. Noteworthy moments include the substantial $1.8 billion bond issuance in 2016 aimed at supporting major transportation upgrades. Current yields on its bonds are competitive, offering investors an attractive opportunity amid market conditions, alongside special features such as tax-exempt status. Recent discussions have also surfaced regarding potential future issuances to fund ongoing infrastructure needs, reflecting the importance of the Authority in both state development and investment landscapes.