External Reviews
We strive for a clear sustainability story. Each review explains the positive ESG impacts associated with bond-financed activities and how the bonds conform with internationally accepted ESG standards.
Featured
Oberlin College
Climate Bond
Oberlin’s Climate Bonds finance critical projects to meet the college’s ambitious goal to reach carbon neutrality by 2025. The Sustainable Infrastructure Program is an exemplary model for other colleges and universities in need of infrastructure repairs and seeking to reduce greenhouse gas emissions. Oberlin also demonstrated a clear pricing benefit for labeled green bonds. Their Certified Climate Bond achieved a 5 basis point pricing benefit over their non-green series, and a 2 basis point benefit over a comparable self-labeled green bond on the same day.
Stanford University
Climate and Sustainability Bond
Stanford University demonstrated leadership as the first US college or university to issue bonds carrying dual climate and sustainability designations for financing campus construction and renovation projects.
The City of Boston
Green Bond
The City of Boston achieved a strong sale with their first green bond, achieving a 3 basis point pricing benefit over non-green bonds issued on the same day. For its role in the deal, Bank of America won Environmental Finance’s 2021 Lead Manager of the Year, Green Bonds – US Muni Bond.
Colorado Housing Finance Authority
Social Bond
Colorado Housing Finance Authority 2021 Series DEF Bonds align with three eligible Social Project categories under the Social Bond Principles. The bonds financed mortgage loans with eligibility requirements designed to ensure the programs serve low- and moderate-income households, and the borrower must be a first- time homebuyer, a qualified veteran, or purchasing a target area residence.
Connecticut Green Bank
Green Bond
Connecticut Green Bank was among the recipients of Bond Buyer’s annual Deal of the Year awards as the winner in the Innovative Financing category for their 2020 Green Liberty Bond.
Albany State University
Social Bond
Albany State University, a historically black college and university (HBCU) in Georgia, issued (via Albany-Dougherty Inner City Authority) Social Bonds to refund outstanding bonds financing facility improvements including student housing complexes that provide affordable housing and a student center that provides services for a student body consisting of a historically underserved target population.
Issuer | Label | Dated | Sector | Series | Par | Taxable / | Location |
Tennessee Housing Development Agency | Social | 20210930 | Housing | Residential Finance Program Bonds Issue 2021-2 (Non-AMT) (Social Bonds) | $99,990,000 | Tax-Exempt | TN |
City of Tacoma, Washington | Green | 20210914 | Power | Electric System Revenue Bonds, Series 2021 (Green Bonds) | $121,855,000 | Tax-Exempt | WA |
Texas Department of Housing and Community Affairs | Social | 20210901 | Housing | $150,000,000 | Tax-Exempt | TX | |
Arizona Industrial Development Authority | Social | 20210826 | Education | Education Facility Revenue Bonds (KIPP NYC Public Charter Schools - Macombs Facility Project) Series 2021A; (KIPP NYC Public Charter Schools - Jerome Facility Project), Series 2021B; (KIPP NYC Public Charter Schools - Gerard Facility Project) Series 2021C (Taxable) | $238,500,000 | Tax-Exempt & Taxable | AZ |
Colorado Housing and Finance Authority | Social | 20210819 | Housing | $130,000,000 | Tax-Exempt and Taxable | CO | |
Gainesville Regional Utility (City of Gainesville, Florida) | Green | 20210811 | Water | $39,475,000 | Tax-Exempt | FL | |
The Board of Education of the City of Newark in the County of Essex, New Jersey | Sustainability | 20210729 | Education | $93,905,000 | Tax-Exempt | NJ | |
Oberlin College | Climate | 20210728 | Education | Taxable Bonds, Series 2021A (Green Bonds – Climate Bond Certified) | $80,625,000 | Taxable | OH |
Longwood Gardens, LLC (Chester County Industrial Development Authority) | Sustainability | 20210715 | Public Facilities | Revenue Bonds, Series 2021 (Longwood Gardens, Inc. Project) (Sustainability Bonds) | $163,610,000 | Tax-Exempt | PA |
Wisconsin Housing and Economic Development Authority | Social | 20210623 | Housing | $175,000,000 | Tax-Exempt | WI | |
City of Seattle, Washington | Green | 20210617 | Water | $82,220,000 | Tax-Exempt | WA | |
Washington Metropolitan Area Transit Authority | Climate | 20210608 | Transportation | $784,425,000 | Tax-Exempt | DC | |
Colorado Housing and Finance Authority | Social | 20210520 | Housing | $85,000,000 | Tax-Exempt & Taxable | CO | |
Colorado Housing and Finance Authority | Social | 20210518 | Housing | $16,100,000 | Tax-Exempt & Taxable | CO | |
Cuyahoga Metropolitan Housing Authority | Social | 20210513 | Housing | $32,000,000 | Tax-Exempt | NY | |
American Museum of Natural History | Sustainability | 20210512 | Public Facilities | Taxable Bonds, Series 2021 (Sustainability Bonds) | $135,000,000 | Taxable | NY |
Texas Department of Housing and Community Affairs | Social | 20210428 | Housing | $100,000,000 | Tax-Exempt | TX | |
Stanford University (California Educational Facilities Authority Revenue Bonds) | Climate & Sustainability | 20210428 | Education | $300,400,000 | Tax-Exempt | CA | |
Tualatin Hills Park & Recreation District (Washington County, Oregon) | Green | 20210330 | Parks & Recreation | $13,265,000 | Tax-Exempt | OR | |
CMFA Special Finance Agency 1 | Social | 20210330 | Housing | $123,775,000 | Tax-Exempt & Taxable | CA | |
Regional Transportation District (Colorado) | Climate | 20210311 | Transportation | $834,035,000 | Tax-Exempt & Taxable | CO | |
Cime - Wind II | Climate | 20210301 | Power | PME Capital Financière AG Wind II (Climate Bonds) | $112,690,600 | Taxable | EU |
Housing Authority of the City and County of Denver, Colorado | Sustainability | 20210217 | Housing | $49,355,000 | Tax-Exempt & Taxable | CO | |
Colorado Housing and Finance Authority | Social | 20210121 | Housing | $125,000,000 | Tax-Exempt & Taxable | CO | |
City of Boston, Massachusetts | Green | 20201230 | Public Facilities | $23,885,000 | Tax-Exempt | MA | |
On Lok Senior Health Services (California Health Facilities Financing Authority) | Social | 20201119 | Health | $39,680,000 | Tax-Exempt | CA | |
The Carmelite System, Inc (Public Finance Authority) | Social | 20201117 | Health | $53,200,000 | Tax-Exempt | Multi | |
City of Edmonds, Washington | Climate | 20201110 | Water | $13,875,000 | Tax-Exempt | WA | |
Alabama Public School and College Authority | Social | 20201104 | Education | $1,480,835,000 | Tax-Exempt & Taxable | AL | |
Equitable School Facilities Fund (California Infrastructure and Economic Development Bank) | Social | 20200819 | Education | $48,115,000 | Tax-Exempt | CA | |
Equitable School Facilities Fund (Arizona Industrial Development Authority) | Social | 20200819 | Education | $122,710,000 | Tax-Exempt | AZ | |
Milwaukee Metropolitan Sewer District | Climate | 20200812 | Water | $27,690,000 | Tax-Exempt | WI | |
City of Seattle, Washington | Green | 20200805 | Power | $198,305,000 | Tax-Exempt | WA | |
North Texas Municipal Water District | Green | 20200729 | Water | $35,130,000 | Tax-Exempt | TX | |
Connecticut Green Bank | Climate | 20200729 | Power | $16,795,000 | Taxable | CT | |
Wareham, Massachusetts | Green | 20200618 | Education | $13,520,000 | Tax-Exempt | MA | |
Park City, Utah | Green | 20200616 | Water | $75,515,000 | Tax-Exempt | UT | |
PACE Funding LLC. | Green | 20200605 | Power | 2020 PACEfunding Bonds (Green Bonds) | $92,840,000 | Taxable | Multi |
City of Berkeley, California | Green | 20200603 | Public Facilities | $11,690,000 | Tax-Exempt | CA | |
Dublin Unified School District (Alameda County, California) | Green | 20200513 | Education | $123,000,000 | Tax-Exempt | CA | |
Sacramento Municipal Utilities District | Green | 20200507 | Public Facilities, Power | $25,220,000 | Tax-Exempt | CA | |
Milwaukee Metropolitan Sewer District | Climate | 20200430 | Water | $80,000,000 | Tax-Exempt | WI | |
Metro, Oregon | Sustainability | 20200420 | Parks & Recreation | $90,000,000 | Taxable | OR | |
City of Berkeley, California | Sustainability | 20200416 | Housing | $38,000,000 | Taxable | CA | |
City of Berkeley, California | Green | 20200416 | Public Facilities | $7,790,000 | Tax-Exempt | CA | |
Albany State University (Albany-Dougherty Inner City Authority) | Social | 20200121 | Education | $47,395,000 | Tax-Exempt | GA | |
California Infrastructure and Economic Development Bank | Climate | 20191219 | Public Facilities | $272,605,000 | Tax-Exempt | CA | |
City of Minneapolis, Minnesota | Green | 20191205 | Public Facilities | $114,400,000 | Tax-Exempt | MN | |
Equitable School Facilities Fund (California Infrastructure and Economic Development Bank) | Social | 20190818 | Education | $19,010,000 | Tax-Exempt | CA | |
Equitable School Facilities Fund (Arizona Industrial Development Authority) | Social | 20190818 | Education | $92,715,000 | Tax-Exempt | AZ | |
Sacramento Municipal Utility District | Green | 20190725 | Public Facilities | $59,640,000 | Tax-Exempt | CA | |
South Bayside Waste Management Authority | Green | 20190709 | Solid Waste | $16,915,000 | Tax-Exempt | CA | |
South Bayside Waste Management Authority | Green | 20190709 | Solid Waste | $31,860,000 | Tax-Exempt | CA | |
Connecticut Green Bank | Climate | 20190326 | Power | Solar Home Renewable Energy Credits (SHREC) Collateralized Notes Series 2019-1 Class A and Class B | $38,600,000 | Taxable | CT |
City of Minneapolis, Minnesota | Green | 20181031 | Public Facilities | $96,220,000 | Tax-Exempt | MN |