Green future flow ABS deal wins IFR SF deal of the year 2014

Hawaii issued a $150m green ABS that securitised future payments residents make with their energy bills. It will use the proceeds to set up a green infrastructure fund to make low-interest loans to help less well-off residents install solar power. The deal is part of a strategy to increase the use of clean and renewable energy usage in the state. Investors included those attracted to municipals, ABS, and SRIs.

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