CONTRACTAWARDED

Transportation Trust Fund Authority | State of New Jersey Awards Financial Services Contract to Barclays Capital Inc (May 2026)

Transportation Trust Fund Authority | State of New Jersey logoTransportation Trust Fund Authority | State of New Jersey
Disclosed value
Underwriters' compensation not to exceed $5.00 per $1,000.00 of the applicable bond series; aggregate bond principal not exceeding $2,055,000,000
From minutes
Awarded
May 21, 2026

The 30-second brief

What it covers

The New Jersey Transportation Trust Fund Authority selected Barclays Capital, Inc. as senior managing underwriter for its planned 2026 Series AA transportation bond refunding. The negotiated sale may total up to $2.055 billion and is tentatively scheduled for September 2026, with underwriter compensation capped at $5 per $1,000 of bonds.

Who holds it

Barclays Capital Inc holds this financial services contract with Transportation Trust Fund Authority | State of New Jersey. Its other public contracts on record include work for Florence Independent School District and Judson Independent School District.

What happens next

Term as filed: Tentatively scheduled for issuance and refunding bond sale in mid-September 2026.

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Contract details

Contract type
Financial Services
Amount
Underwriters' compensation not to exceed $5.00 per $1,000.00 of the applicable bond series; aggregate bond principal not exceeding $2,055,000,000
Document date
May 21, 2026
Term
Tentatively scheduled for issuance and refunding bond sale in mid-September 2026
Source document
New Jersey Transportation Trust Fund Authority Minutes Board Meeting 2026-05-21 (Minutes)

Barclays Capital Inc's other public contracts

More Transportation Trust Fund Authority | State of New Jersey contracts

Questions about this contract

Who was awarded the financial services contract by Transportation Trust Fund Authority | State of New Jersey?

Barclays Capital Inc was awarded this financial services contract by Transportation Trust Fund Authority | State of New Jersey, as recorded on May 21, 2026. The contract value is Underwriters' compensation not to exceed $5.00 per $1,000.00 of the applicable bond series; aggregate bond principal not exceeding $2,055,000,000.

How much is the Barclays Capital Inc contract with Transportation Trust Fund Authority | State of New Jersey worth?

The Barclays Capital Inc contract with Transportation Trust Fund Authority | State of New Jersey is valued at Underwriters' compensation not to exceed $5.00 per $1,000.00 of the applicable bond series; aggregate bond principal not exceeding $2,055,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in New Jersey Transportation Trust Fund Authority Minutes Board Meeting 2026-05-21 (Minutes), dated May 21, 2026 from Transportation Trust Fund Authority | State of New Jersey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Barclays Capital Inc hold?

Barclays Capital Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Transportation Trust Fund Authority | State of New Jersey currently buying?

Explore Transportation Trust Fund Authority | State of New Jersey's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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