Submitted by dboisvert on March 31, 2015 - 10:31am
In order to be responsive to the needs of our clients and to further facilitate access to the capital markets, the Authority has modified its underwriting guidelines for borrowers seeking to issue bonds that are rated below investment grade. The attached guidelines now apply.
When Public Act 09-110 was approved during the 2009 legislative session, the Connecticut Health and Educational Facilities Authority (CHEFA) began its collaboration with the Credit Union League of Connecticut to create a Credit Union Student Loan Program. The program was established so that low interest rate loans could be offered to Connecticut students experiencing difficulty in obtaining financing for post-secondary education.
Submitted by dboisvert on October 8, 2009 - 4:30pm
The Ethel Walker School has closed an $8.2 million tax-exempt bond issue through the Connecticut Health and Educational Facilities Authority (CHEFA). Proceeds of the bond issue were used to refinance the school’s existing bonds. The refinancing allowed the school to convert its existing debt from a variable rate to a fixed rate and significantly reduce its interest rate risk.