Green Bond Fact Sheet

A Green Bond Fact Sheet detailing a USD 400 million senior secured green bond issued by NSTAR Electric on May 15, 2019, to fund low-carbon and clean energy initiatives in Massachusetts.

• NSTAR Electric, a regulated electric utility and subsidiary of Eversource Energy, issued a USD 400 million senior secured green bond on May 15, 2019, with a 10-year tenor maturing on May 15, 2029.
• The proceeds of the bond are designated for low-carbon and clean energy initiatives, specifically targeting new solar projects and investments to improve energy efficiency for residential and business customers.
• This issuance represents the first 2019 green bond from a non-financial corporate based in Massachusetts and only the second such issuance since 2014, following one by MIT.
• The Climate Bonds Initiative notes that while the US municipal market is strong, the corporate green bond space has room for growth, though it suggests NSTAR Electric should provide more disclosure regarding reporting and the use of proceeds.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-05%20US%20NSTAR%20Electric.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-05%20US%20NSTAR%20Electric.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=6 May 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-05%20US%20NSTAR%20Electric.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = may, url = {https://www.climatebonds.net/files/drupal-files/files/2019-05%20US%20NSTAR%20Electric.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }