What is the opportunity?
- Potential for stable, tax-exempt income for New Jersey residents2
- Bond ratings of A1 from Moody's, and AA- by Fitch3
- Bonds are special obligations of the New Jersey Educational Facilities Authority and payable solely from funds provided by Montclair State University. These bonds are not a debt or liability of the State of New Jersey or any political subdivision thereof.
- Bonds are being issued to refund outstanding bonds and to finance a variety of projects, including the construction of two new buildings
When can I place my order?
We expect individual investors to have retail priority on Tuesday, March 4. Please note that the underwriters may close the retail period (or certain maturities) early due to market conditions, or in the event the bonds are all sold. As a result, interested individual investors are encouraged to place their orders at their earliest convenience.