Green bonds

The Metropolitan Atlanta Rapid Transit Authority will issue $475 million in green sales tax revenue bonds for capital projects and refunding.

The Massachusetts Clean Water Trust has seen higher demand from local utilities for loans because of climate change threats and clean water regulations. 

Enviva's bankruptcy is the latest Chapter 11 bankruptcy where green private activity bonds are restructured to near zero.

Kevin Bain, formerly director of strategy for the city of Detroit, has joined Public Sector Consultants as a senior strategist for climate and project finance.

The projects funded by the deal align with the city of Alexandria's goal to reduce community-wide greenhouse gas emissions 50% by 2030.

The Ohio Water Development Authority planned to sell $400 million of new money bonds in addition to a refunding driven by a tender offer.

Prince George's County Public Schools in Maryland is leveraging the P3 process to build eight new schools while issuing $663 million of taxable bonds.

The New Terminal One project was able to flex its construction progress, which the P3 backers say may have encouraged investors in a deal upsized by $1 billion.

To meet the ambitious goals of the Environmental Protection Agency's Greenhouse Gas Reduction Fund, innovative financing models can be adapted from established municipal finance systems.

Fulcrum BioEnergy, which raised more than $1 billion to turn household waste into lower-emitting fuels for planes and trucks, is in danger of going under.

Enviva's $353 million in tax-exempt bonds currently are among the liabilities at stake in the company's Chapter 11 bankruptcy.

Strong and growing sales tax revenues support the bonds. Repayment isn't tied to ridership, which has declined.

Prices have fallen for Alabama private activity bonds issued for wood pellet producer Enviva amid the firm's larger struggles.

"The lack of standardization is a very real problem that impacts all facets," said Ted Chapman, managing director and investment banker at Hilltop Securities.

It's the bank's eighth issuance of its climate-certified one-year notes. Buy-in starts at $100.

The event heavily focused on the kind of and how much disclosure issuers need to offer in order to attract investor interest.

The competition is open to nonprofit financing institutions and the funding will target clean technology projects in underserved areas of the country.

Buy in starts at $100 and the one-year taxable notes carry a 5% coupon rate. The Green Banks is seeking $350,000 for a green energy upgrade program.

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"When the rating agencies developed and rolled out their ESG scores, they said their ESG scores would not impact an issuer's credit rating. We are holding them to their word," said Ben Watkins, director of the state Division of Bond Finance.