The New Jersey Turnpike Authority, established in 1952 and based in New Jersey, is a vital public agency responsible for the operation and maintenance of the New Jersey Turnpike and the Garden State Parkway. This authority plays a crucial role in providing transportation services, enabling efficient travel and commerce across the state, while also facilitating vital infrastructural development.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NJSTRN 7.10% 2041-01-01 USDNew Jersey St Turnpike Authority | United States | 2041-01-01 | 7.102 | 5.39 |
| NJSTRN 7.41% 2040-01-01 USDNew Jersey St Turnpike Authority | United States | 2040-01-01 | 7.414 | 5.21 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The agency has a long history of bond issuances, beginning with its first significant bond offering in the late 1950s to fund the expansion of the Turnpike. Notably, in 2021, the authority issued approximately $1 billion in bonds to finance major capital projects, with current yields reflecting a competitive advantage over industry peers. The bonds typically feature strong revenue generation backed by toll collections, and recent reports indicate a stable outlook despite broader economic challenges, underscoring the authority's robust financial position and commitment to infrastructure improvement.