The Michigan Finance Authority, established in 1985 and located in Lansing, Michigan, serves as a prominent state-level authority dedicated to enhancing the financial viability of local governmental units and non-profit entities. Its core mission revolves around providing financing options that foster public infrastructure development and facilitate community growth through innovative financial products.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MISFIN 2.61% 2025-11-01 USDMichigan Finance Authority | United States | 2025-11-01 | 2.610 | 4.43 |
| MISFIN 2.71% 2026-11-01 USDMichigan Finance Authority | United States | 2026-11-01 | 2.710 | 4.13 |
| MISFIN 3.08% 2034-12-01 USDMichigan Finance Authority | United States | 2034-12-01 | 3.084 | 4.73 |
| MISFIN 3.26% 2031-11-01 USDMichigan Finance Authority | United States | 2031-11-01 | 3.260 | 4.22 |
| MISFIN 3.38% 2040-12-01 USDMichigan Finance Authority | United States | 2040-12-01 | 3.384 | 5.10 |
| MISFIN 3.59% 2035-11-01 USDMichigan Finance Authority | United States | 2035-11-01 | 3.585 | 4.82 |
| MISFIN 3.61% 2032-11-01 USDMichigan Finance Authority | United States | 2032-11-01 | 3.610 | 4.29 |
| MISFIN 6.50% 2045-06-01 USDMichigan Finance Authority | United States | 2045-06-01 | 6.500 | 6.71 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Authority has been a significant player in the bond market, starting its bond issuance program in 1986, with particularly notable issuances for education, healthcare, and local government projects. In 2021, the Michigan Finance Authority issued $200 million in bond anticipation notes that were well-received, showcasing competitive yields in comparison to the municipal bond market. The Authority frequently employs special features such as tax-exempt status to attract a diverse range of investors while ensuring funding aligns with community needs and priorities.