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Additional Information

Additional Info

Interest Rates

The Authorities regularly issues debt in the financial markets and obtains competitive rates for clients. For most programs, the interest rates are not determined until the day of pricing. For current market information visit:  SIFMA .

Finance Team

Every bond issue requires several different specialists for the protection of the issuer, borrower, and bondholders.

Finance Team

Credit Enhancement

Credit Enhancement refers to the use of the credit of an entity to provide additional security in bond or note financing.

Credit Enhancement

Credit Rating

A credit rating is an independent assessment of the creditworthiness of a bond (note or any security of indebtedness) by a credit rating agency.

Credit Rating

State's Common Cash Rates

Contact:

Michigan Bureau of Investments

Phone: 517-373-3140

 

 

Michigan Education Savings Program

Contact:

Michigan Education Savings Program

Phone: 877-861-6377

Industrial Revenue Bonds

Contact:

Michigan Strategic Fund

Phone: 517-373-2778

Michigan Transportation Fund

Contact:

MDOT Bureau of Finance and Administration

Phone: 517-335-1810

State "Private Activity Bonds", Allocations, and Volume Cap

US Savings Bonds

Contact Bond Finance

Austin Building, 1st Floor
430 W. Allegan
Lansing, MI 48922
Phone: 517-335-0994
Fax: 517-241-9509

www.michigan.gov/bondfinance

Treas_BondFinance@michigan.gov