Green bonds

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.

Proceeds will be used to refund some bonds that had been issued to finance or refinance eligible clean water and drinking water projects in the state.

So far 12 states have enacted ESG statutes with 67 pending statues in 28 states, according to the Morgan Lewis law firm. Florida's anti-ESG bill goes farthest.

A spate of derailments is a unique issue for the Washington Metropolitan Area Transit Authority amid the challenges all transit agencies face post-COVID.

The company transferred its second party opinion business and analytical staff to Moody's Investors Service from Moody's ESG Solutions in October.

Gov. Phil Murphy is behind the push for the Garden State to develop offshore wind power, ramping up from 3,500 megawatts by 2030 to 11,000 megawatts by 2040.

Battery Park's flood-proofing projects are part of New York City's larger strategy to protect itself from the next big storm.

The Connecticut Green Bank's latest Liberty Green Notes brought in $250,000 for green upgrades to small business energy infrastructure statewide, the bank said.

Disclosure around ESG-related risk factors to credit as well as for ESG-labeled bonds remains a mixed landscape that reflects the heterogenous nature of the muni market itself.