Green Bond Fact Sheet

This fact sheet details a USD 13 million green bond issued by the Brick Township Municipal Utilities Authority on July 8, 2020, to fund energy savings capital improvements for water and sewerage systems.

• The Brick Township Municipal Utilities Authority issued a USD 13 million green bond on July 8, 2020, with a maturity date of December 1, 2036, and a tenor of 16.4 years.
• The bond proceeds are designated for energy savings capital improvements to water and sewerage systems, specifically the installation of energy conservation equipment such as LED lighting, an energy management system, and high efficiency pump motor, water source heat pump, and boiler replacements.
• A portion of the bond proceeds will be used for an advance refund of outstanding revenue refunding bonds that financed the operation of a reservoir in Wall Township, New Jersey, as well as other water and sewer system improvements.
• The issuer has explicitly stated that it will not provide further disclosure regarding the 2020 bond series or how the proceeds are spent after issuance.
• The bond's financial terms include a yield of 2.300%, a coupon of 2.125%, and a price of 97.619%.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2020-07_US_Brick_Township_Municipal_Utilities_Authority.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2020-07_US_Brick_Township_Municipal_Utilities_Authority.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=28 July 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2020-07_US_Brick_Township_Municipal_Utilities_Authority.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2020}, month = jul, url = {https://www.climatebonds.net/files/drupal-files/files/2020-07_US_Brick_Township_Municipal_Utilities_Authority.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }