Team, News, Projects | MNHEFA

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Founded in: 1971

Bonds Outstanding as of 6/30/2022: $1,091,679,593

Series of Bonds Issued as of 6/30/2022: 245

About Minnesota Higher Education Facilities Authority

The Minnesota Higher Education Facilities Authority (the “Authority”) was formed by the Minnesota Legislature in 1971. The purpose of the Authority is to assist Minnesota based institutions of higher education in the construction, financing and refinancing of capital projects. The legislation authorizing the Authority establishes and affirms that the Authority’s authorized power is an essential public function. The Authority is also authorized and empowered to do all things necessary or helpful to carry out its statutory purpose.

The Authority may have up to $1.3 billion of bonds or notes outstanding at any time. The Authority receives no state funding of any kind. It does not have any taxing power and does not receive any allocation of tax receipts from the state of Minnesota. Authority operations are funded 100% from fees charged to borrowers and investment earnings.

Green Bonds - Series 2022A (University of St. Thomas)

Learn about our environmental, social, and governance program, and how we bring those values to life with green bonds, sustainable projects, and more.

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Featured News

February 17, 2023

News

MHEFA Executive Director Quoted in ESG Bond Buyer Article

Any move to restrict issuers from issuing labeled bonds or more broadly consider ESG factors would be “ill-advised,” said Barry Fick, executive director of the Minnesota Higher Education Facilities Authority, which has issued labeled bonds with more deals coming this year. He has said the green label drove demand for a 2022 deal priced by the authority.

“It’s not something that’s suddenly new and thought up by individuals who are saying we have a liberal agenda,” Fick said. “If you look at the majority of the items and the factors that are included in the ESG analysis, most of them are items that are normally looked at it in credit rating analysis and by investors anyway,” he said. “The restrictions would mean less information than we have always provided for a multiple number of years, so [now] investors are going to say, ‘I’m going to have less information than I had before ESG and now my risk increases, so I’m going to have to accommodate that risk by either charging a higher interest rate or asking for more difficult covenants.'”

Read the full Bond Buyer Article, “DeSantis spotlights issuers in escalation of red state anti-ESG movement”

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January 25, 2023

News

Executive Director Barry Fick Quoted in Bond Buyer Article on FDTA Costs

Executive Director Barry Fick is quoted in the Bond Buyer article, “Issuers express concerns over FDTA costs,” from comments made during the Government Finance Officers Association’s winter meeting in Washington earlier this week.

Read the full article by clicking here.

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January 10, 2023

News

Barry Fick to Present at The Bond Buyer National Outlook 2023

Join us by registering here for The Bond Buyer National Outlook on February 2, 2023 in New York to hear Barry Fick, MHEFA Executive Director, speak about The Credit Landscape. The full list of speakers can be found here.

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Borrowers

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The Team

Barry W. Fick

Executive Director

(651) 296-4690

info@mnhefa.org

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Amanda G. Lee

Operations Manager

(651) 296-4690

info@mnhefa.org

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50th Anniversary and 34th Annual Conference Information

50th Anniversary

Please use our 50th Anniversary link to view more information about this important milestone.

34th Annual MHEFA Conference

We continue to adjust the timing and viewing options with the safety of participants and speakers as our highest priority. This year we rescheduled the Conference from April to August and provided both an in-person and a virtual conference attendance option. This hybrid system worked well, allowing more people to view the conference in real-time. We plan to continue to improve both the content and viewing experience for you in future years.

If you weren’t able to attend the entire presentation in person or virtually, we are able to offer you a limited-time opportunity to experience the Conference through the MHEFA website. We’ll be posting the presentations and the accompanying graphics on our website for a limited time. Please see below for this information.

We hope you are able to view the material on the MHEFA website. We also hope to see or hear from you soon. We appreciate your interest in our Annual Finance Conference and look forward to bringing it to you next year.

INTRODUCTION, WELCOME & AUTHORITY PERSPECTIVE

Barry W. Fick
Executive Director
Minnesota Higher Education Facilities Authority
651-297-2260
bwf@mnhefa.org
www.mnhefa.org