The Alabama Federal Aid Highway Finance Authority, established to finance the construction and improvement of highways in Alabama, operates out of Montgomery, Alabama. This authority plays a critical role in providing funding through various debt instruments to support the state's transportation infrastructure needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ALSTRN 2.65% 2037-09-01 USDAlabama Federal Aid Highway Finance Authority | United States | 2037-09-01 | 2.650 | 4.93 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, the Authority has been actively engaged in bond issuance to help fund key highway projects across Alabama. Notably, it first issued bonds in 1987, contributing over $500 million towards significant infrastructure efforts. Current yields on its bonds are competitive within the industry, often reflecting trends in transportation funding, with recent issuances focusing on sustainable projects. In 2022, bonds associated with a major interstate expansion project achieved strong demand, underscoring investor confidence in the state's commitment to enhancing its transportation network.