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Learn about USVI Investor Relations including our News & Press Releases, Projects, and Team.
About USVI Investor Relations
- Bonds Outstanding as of 09/30/2025
- $453,065,000
The Virgin Islands Public Finance Authority (the "PFA" or the "Authority") was created by Act No. 5365 as a public corporation and autonomous governmental instrumentality, operating on behalf of the Government of the United States Virgin Islands (the "Government"). Its primary duties are 1) to aid the Government of the United States Virgin Islands in the performance of its fiscal duties; 2) to raise capital, public or private, for essential public projects; and 3) to create programs and enter into contracts which will support the financing needs of the Government, promote economic recovery, and contribute to the stability of the Territory’s economy.
The United States Virgin Islands Code provides that the debts, obligations, contracts, bonds, assets, receipts, expenditures, accounts, funds, facilities and property of the Authority shall be deemed to be those of the Authority and not to be those of the Government or of any of its offices, bureaus, departments, agencies, commissions, branches, agents, or employees.
Consequently, the Authority may borrow money, enter into contracts, and accept grant proceeds for public purposes. The PFA may also 1) lend the proceeds of bonds and/or other financing instruments to the Government; 2) guarantee loans and financial obligations incurred by the Government; 3) invest its funds; 4) arrange for the investment of funds belonging to the Government; 5) purchase notes and other obligations or instruments secured by real property; 6) execute contracts and financing instruments; 7) appoint, employ, and contract for the services of officers, agents, employees, and professional service providers as the Authority may deem appropriate; and, 8) exercise all such incidental powers as may be necessary or convenient for the purposes of carrying out the business objectives and interests of the Authority.
For more information about the USVI’s investor website please contact Lonnie Soury at (917) 519-4521, or Lsoury @soury.com.
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The Virgin Islands Hotel Development Financing Corp. is offering $448 million in bonds to finance the acquisition of two resorts on the island.
Proceeds will be used to acquire The Westin St. Thomas Beach Resort & Spa, and the Buoy House Beach Resort. Fee simple ownership of the properties will revert to the government of the Virgin Islands once the Series 2025 bonds are paid off, according to documents on MuniOS.
The offering will consist of $272 million of Senior Lien Series 2025 A-1 bonds, as well as $164 million of Subordinate Lien Series 2025 B bonds. Interest from these bonds is exempt from federal and Virgin Islands taxes. The offering also includes $12 million of federally taxable Senior Lien Series 2025 A-2 bonds. The serial bonds will fully mature on Dec.1, 2055.
The bonds will be secured by revenue from the hotels, as well as interests in the properties and payments from received under a developer's note after previously issued bonds are redeemed.
The facilities, located at Frenchman's Reef, will be acquired from CREF32 USVI hotel Holdings. The Westin Beach Resort consists of 392 guestrooms, four restaurants, three pools, and other amenities. Buoy Haus is a 94 guestroom facility, which includes five beach house villas, two honeymoon suites and a ballroom.
The Virgin Islands Hotel Development Financing Corp. is a special purpose public corporation and government instrumentality of the Virgin Islands, organized to issue bonds for public improvements and other public undertakings.
Piper Sandler is listed as the offering's manager.
U.S. VIRGIN ISLANDS — Governor Albert Bryan Jr. today announced at the Government House Weekly Press Briefing that he has directed the director of the Bureau of Internal Revenue and the commissioner of Finance to begin issuing up to $10 million in income tax refunds.
“As the federal government shutdown drags on, we are watching Washington closely and keeping an equally close eye on the impacts here at home,” Governor Bryan said. “It is not only SNAP recipients who are feeling this. Families, seniors, veterans, small business owners and federal employees are making hard choices. Getting these refunds out now provides real help with essentials and a little more breathing room before Thanksgiving and Christmas.”
In this batch, refunds will be issued to 3,328 tax filers who are due a refund and filed their returns by March 21, 2024. Refunds will begin going out on Thursday, Nov. 20, 2025. The Governor thanked the teams at the Bureau of Internal Revenue and the Department of Finance for their steady work verifying returns and moving payments as quickly as possible during a challenging period.
This latest issuance follows a July 2025 disbursement of $15.7 million in income tax refunds to more than 3,700 Virgin Islanders and brings the cumulative amount paid in tax refunds under the Bryan-Roach Administration to $435 million.
“From the start, we set a clear marker to get current on income tax refunds,” the Governor added. “We are not all the way there yet, but we are moving to meet that commitment. Our goal is simple: pay what is owed, do it correctly and do it as quickly as we can, while looking out for the Virgin Islanders who need the most support as this shutdown continues.”
Residents with questions about their filing status should contact the Bureau of Internal Revenue during regular business hours. The Government of the Virgin Islands will continue to monitor the shutdown’s local impacts and process additional refunds as cash flow permits.
U.S. VIRGIN ISLANDS — The Bryan-Roach Administration has followed through on its promise to provide tax refunds to thousands of Virgin Islanders awaiting relief. Refund checks are being issued today to 5,044 Virgin Islands taxpayers totalling $14,706,351.17.
Governor Albert Bryan Jr. and Lieutenant Governor Tregenza A. Roach, Esq. are delighted to be able to follow through on a commitment to pay Virgin Islands taxpayers who are due refunds what they are owed. This payout reflects tax returns that were filed with the Bureau of Internal Revenue by March 1, 2023.
“The Bryan-Roach Administration is working to make life better for Virgin Islanders,” Governor Bryan said. “We know that the financial burdens being faced by far too many of us require a concerted effort on the government’s behalf. Issuance of these tax refund checks is a vital step in easing the strain. There is more work to be done and I vow to ensure that every Virgin Islander who is owed a tax refund receives one.”
On September 9, the Government of the Virgin Islands announced it would pay out an additional $27 million in income tax refunds over the next 30 days. Today’s check distribution follows earlier distributions of $5.1 million to 1,260 taxpayers in July and another $5.1 million to 1,745 taxpayers in August.
The Bryan-Roach Administration is investing in the Territory’s people, infrastructure, and future through transparency, stabilizing the economy, restoring trust in the government, and ensuring that recovery projects are completed as quickly as possible. Visit transparency.vi.gov
Projects
Team
Albert Bryan Jr.
Bosede Bruce
Nathan Simmonds
Talk to us
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