The Union County Higher Educational Facilities Financing Authority, established in 1988 and located in Union County, New Jersey, serves the purpose of facilitating the financing of higher education institutions within its jurisdiction. The authority provides vital services such as the issuance of tax-exempt bonds, enabling educational institutions to fund construction, renovation, and expansion projects crucial for their growth and operational efficiency.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| UNIHGR 4.90% 2037-04-01 USDUnion County Higher Educational Facilities Financing Authority | United States | 2037-04-01 | 4.900 | 4.76 |
| UNIHGR 5.00% 2045-04-01 USDUnion County Higher Educational Facilities Financing Authority | United States | 2045-04-01 | 5.000 | 5.31 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Authority first began issuing bonds in 1991, significantly contributing to the financial landscape of higher education in New Jersey. Notably, in 2022, it issued $23 million in bonds to finance improvements for a local community college, reflecting the Authority's commitment to enhancing educational facilities. Current yields on its bonds are competitive with industry averages, providing attractive investment opportunities for retail investors, while features such as tax-exempt status enhance their appeal in the bond market.