Teachers Insurance and Annuity Association of America (TIAA), founded in 1918 and headquartered in New York City, is dedicated to providing financial services to individuals in the education and nonprofit sectors. The organization aims to help its clients achieve their financial goals through a range of products, including retirement plans, annuities, and asset management services tailored specifically for educators and their institutions.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, TIAA has made significant strides in the bond market, beginning with its first bond issuance in the 1970s aimed at supporting educational institutions. Notable recent issuances include green bonds, reflecting TIAA's commitment to sustainability, which have yielded competitive returns compared to industry averages. As of now, TIAA's corporate bonds are known for their attractive features, such as investment-grade ratings and tax-exempt options, making them appealing to retail investors seeking stable income streams.