Green Bond Fact Sheet

The Paradise Township Sewer Authority issued a USD 5 million US Municipal green bond on August 1, 2019, with a 30-year tenor maturing on October 15, 2049. The bond, rated AA by S&P, is designated for water and wastewater use of proceeds, specifically to refund an outstanding sewer revenue note, finance a Debt Service Reserve Fund deposit, fund capital improvement projects, and cover insurance and issuance costs.

• The Paradise Township Sewer Authority issued a USD 5 million US Municipal green bond on August 1, 2019, with a maturity date of October 15, 2049 and a tenor of 30 years. The bond has a credit rating of AA from S&P, a coupon of 3.100%, a yield of 3.190%, and a price of 98.260%.
• The proceeds of the bond are allocated to the 'Water & wastewater' category. Specifically, funds will be used to refund an outstanding sewer revenue note, provide a deposit for the Debt Service Reserve Fund, fund various capital improvement projects, and pay for the costs associated with insuring and issuing the bonds.
• The bond is categorized as a Government-Backed Entity and was underwritten by RBC Capital Markets LLC. While it is not certified, it has a BAM GreenStar assurance report; the Climate Bonds Initiative notes that BAM assessments align with ICMA’s green bond principles (GBP), though the issuer has made no commitment to reporting.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-08%20US%20Paradise%20Township%20Sewer%20Authority.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-08%20US%20Paradise%20Township%20Sewer%20Authority.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=27 August 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-08%20US%20Paradise%20Township%20Sewer%20Authority.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 = aug, url = {https://www.climatebonds.net/files/drupal-files/files/2019-08%20US%20Paradise%20Township%20Sewer%20Authority.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }