The University of Massachusetts Building Authority (UMBA) was established in 1960 and is headquartered in Boston, Massachusetts, with a mission to support the University of Massachusetts by financing the construction and improvement of its facilities. UMBA provides essential services related to planning, constructing, and managing capital projects that enhance the educational environment for students and faculty within the university system.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| UMAFAC 5.45% 2040-11-01 USDUniversity of Massachusetts Building Authority | United States | 2040-11-01 | 5.450 | 5.13 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
UMBA has been actively issuing bonds since its inception, with a notable issuance in 2014 for $56 million to fund the renovation of the Student Union at UMass Amherst. The authority’s bond issuances are often tied to projects that directly benefit the student experience, making them appealing to socially responsible investors. Current yields on UMBA bonds are competitive within the municipal bond market, reflective of their strong historical credit ratings and adherence to sound financial management practices. In recent news, UMBA's green bond initiative has gained attention, reflecting its commitment to sustainable development in higher education facilities.