The Pennsylvania Higher Educational Facilities Authority (PHEFA), established in 1963 and located in Harrisburg, serves as a critical financing tool for higher education institutions throughout Pennsylvania. The authority's primary purpose is to provide low-cost financing for the construction, renovation, and refinancing of educational facilities, ensuring students have access to quality educational environments.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PASHGR 4.12% 2035-03-01 USDPennsylvania Higher Educational Facilities Authority | United States | 2035-03-01 | 4.123 | 4.79 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
PHEFA has a long history of bond issuances, beginning with its first bonds in 1964, which aimed to support Pennsylvania's higher education landscape. Notable recent issuances include the 2021 bonds that raised over $250 million aimed at modernizing university facilities, offering investors yields that have remained competitive within the sector. PHEFA bonds typically feature tax-exempt status, making them particularly appealing for investors seeking tax-advantaged income. These debt securities continue to play a vital role in supporting educational infrastructure while adapting to the evolving needs of institutions across the state.