Government
May 19, 2016
San Francisco is leading the way in environmentally conscious bonds
A "green bonds" designation can highlight to a municipal issuer's stakeholders that infrastructure work which needs to be done and financed has a significant environmental benefit. By Stephen A. Spitz
On May 10, the Public Utilities Commission of the City and County of San Francisco (SFPUC) sold $240,580,000 aggregate principal amount of wastewater enterprise revenue bonds designated as a "green bonds" series to finance components of its Sewer System Improvement Program, a $6.9 billion master plan capital program to rebuild San Francisco's combined sewer and storm-water collection, treatment and disposal utility system. This...
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