The New York City Educational Construction Fund (NYCEF), established in 1967 and headquartered in New York City, aims to enhance educational facilities through public-private partnerships. The organization focuses on facilitating the construction of new school buildings while leveraging revenue-generating real estate development in the city.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NYCEDU 6.00% 2035-04-01 USDNew York City Educational Construction Fund | United States | 2035-04-01 | 6.000 | 4.61 |
| NYCEDU 6.00% 2035-04-01 USDNew York City Educational Construction Fund | United States | 2035-04-01 | 6.000 | 4.61 |
| NYCEDU 6.20% 2040-04-01 USDNew York City Educational Construction Fund | United States | 2040-04-01 | 6.200 | 5.42 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
NYCEF has been actively issuing bonds since its inception, with notable early issuances tied to significant school construction projects in the late 1960s. Recently, the fund's bonds have shown competitive yields compared to industry standards, with a notable issuance of $200 million in 2021 aimed at funding modernization across various schools amidst growing demands for infrastructure upgrades. The bonds typically feature special provisions for tax-exemption, making them appealing to investors, and recent news highlights discussions on further collaboration with city stakeholders to expand educational opportunities through innovative financing.