The New Jersey Educational Facilities Authority achieved record bond volume in 2016, the higher education conduit issuer announced Friday.

The NJEFA's active year included selling an aggregated total of $1.35 billion of debt with an average transaction size exceeding $100 million. The authority was the nation's third largest higher education conduit issuer in 2016, according to Thomson Reuters, and topped all New Jersey issuers with 12 financings.

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