MBTA Set to Issue First Ever Tax-Exempt Sustainability Bond – A Research Note
Tax-Exempt Sustainable Bond by MBTA The Massachusetts Bay Transportation Authority (MBTA) announced on September 18, 2017 that it is planning to issue about $574 million in bonds on Tuesday, September 26, 2017, consisting, in part, of Subordinated Sales Tax Bonds 2017 Series A in the combined amount of $232.7 million, including $100.1 million, or 43% […]
Are Tesla’s Senior Notes Green? Analysis of Tesla’s Sustainable Bonds
Since the announcement on August 11 and successful placement of Tesla’s $1.80 billion Senior Notes, some disappointment has been expressed by the fact that Tesla didn’t formally qualify as green the company’s newly issued notes. It was suggested that issuing designated green bonds (or notes, in this instance) would have been a way to highlight […]
1H 2017 Green Bond Issuance in the U.S. Led by Tax-Exempt Transactions
In the first six months of the year through June 30, 2017, 29 U.S. entities issued an equivalent number of taxable and tax-free green bonds valued at about $8.0 billion. This is roughly in line with U.S. issuance during the first 6 months of 2016. Worldwide volume, on the other hand, reached $49.1 billion so […]
Mirova Global Green Bond Fund (MGGAX) – New ESG Product Profile
Assessment Low Conviction Synopsis Through its subsidiary, Mirova Asset Management, Natixis Global Asset Management has launched a green bond mutual fund that will be available to US investors. This represents the 3rd green bond fund on offer in the US. In an announcement dated February 28, 2017, Natixis stated that it has introduced the Mirova […]