Sales Tax Securitization Corporation, founded in 2005 and headquartered in Harrisburg, Pennsylvania, focuses on providing innovative financing solutions through the securitization of future sales tax revenues. The company specializes in the issuance of asset-backed securities that offer investors access to municipal finance opportunities tied to predictable sales tax streams, enhancing cash flow for municipalities.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Sales Tax Securitization Corporation has been a notable player in the bond market, first issuing bonds in 2007 with significant milestones occurring over the years, including the issuance of $300 million in 2015 for infrastructure projects. Current yields on their bonds are competitive, often outperforming the municipal bond industry average due to the predictability of sales tax revenues. Noteworthy features include secured repayment structures, and recent developments have highlighted a diligent approach to managing cash flow under changing economic conditions, ensuring stability for investors.