The Pennsylvania Turnpike Commission Inc., established in 1937 and headquartered in Harrisburg, Pennsylvania, operates as an independent agency responsible for the maintenance and operation of the Pennsylvania Turnpike, a vital transportation route in the state. The commission oversees the tolling system and manages a range of services including roadway maintenance, infrastructure improvements, and upgrades to facilities to enhance commuter safety and experience.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PASTRN 5.51% 2045-12-01 USDThe Pennsylvania Turnpike Commission Inc. | United States | 2045-12-01 | 5.511 | 5.59 |
| PASTRN 5.56% 2049-12-01 USDThe Pennsylvania Turnpike Commission Inc. | United States | 2049-12-01 | 5.561 | 5.72 |
| PASTRN 6.11% 2039-12-01 USDThe Pennsylvania Turnpike Commission Inc. | United States | 2039-12-01 | 6.105 | 5.17 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Pennsylvania Turnpike Commission has been actively issuing bonds since its inception, with significant bond issues aimed at funding major infrastructure projects and maintaining operational efficiency. Notable bond issuances include the $200 million Series of 2019 Refunding Bonds, which were aimed at refinancing existing debt and reducing interest costs. Current yields on Pennsylvania Turnpike bonds are competitive compared to the industry, and the commission has incorporated special features such as revenue bonding, which is secured by toll revenues, ensuring a reliable income stream for investors.