Public Finance Authority has once again demonstrated its position as one of the most effective and impactful conduit bond issuers in the United States.
According to The Bond Buyer’s annual issuer rankings,
-
- PFA ranked fourth in the nation by total dollar volume in 2025, issuing more than $9 billion in bonds on behalf of borrowers across the country – surpassing the entire State of California.
- PFA ranked fourth in market share, capturing 1.59 percent of the entire U.S. municipal bond market.
- PFA led all top 10 issuers by a commanding margin in total number of transactions, closing 115 deals in 2025 – more than triple the next closest issuer.
These results reflect what makes PFA beneficial to the financial markets. It is a Wisconsin-based conduit issuer with a national reach built to connect qualified borrowers in communities across the country to the capital markets they need to build, grow, and serve the public good.
From health care and housing to education and infrastructure, PFA’s 2025 performance underscores its commitment to delivering real public benefit at scale and across state lines.