Social Bonding and Nurture Kinship

KBRA Assigns AA+ Rating, Stable Outlook to The City of New York’s General Obligation Bonds

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Friday, September 22, 2023
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KBRA assigns a long-term rating of AA+ with a Stable Outlook to The City of New York’s General Obligation Bonds Fiscal 2024 Series B - Taxable Social Bonds, Subseries B-1 and Taxable Bonds, Subseries B-2.

Key Points: 
  • KBRA assigns a long-term rating of AA+ with a Stable Outlook to The City of New York’s General Obligation Bonds Fiscal 2024 Series B - Taxable Social Bonds, Subseries B-1 and Taxable Bonds, Subseries B-2.
  • Long range financial and capital planning; pension funded ratios and unfunded liabilities have trended positively, while annual debt service requirements continue to be maintained at below 15% of City tax revenues.
  • The Financial Plan identifies out-year budget gaps, now exacerbated by the asylum seeker crisis, which must be closed.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

MEDIA RELEASE: Puget Energy announces Sustainable Financing Framework to fund clean energy commitment

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Wednesday, May 10, 2023
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Sustainable financing proceeds will be allocated to eligible project categories including renewable energy, energy efficiency, clean transportation, climate change adaptation, biodiversity conservation, water and wastewater management, pollution prevention and control, green innovation and socio-economic advancement.

Key Points: 
  • Sustainable financing proceeds will be allocated to eligible project categories including renewable energy, energy efficiency, clean transportation, climate change adaptation, biodiversity conservation, water and wastewater management, pollution prevention and control, green innovation and socio-economic advancement.
  • Investment in renewable energy and associated infrastructure is in alignment with and driven by the requirements of Washington State’s Clean Energy Transformation Act (CETA), Climate Commitment Act (CCA) and Clean Fuel Standard (CFS).
  • “The clean energy transition is both the challenge and the opportunity of our time,” said Mary Kipp, chief executive officer of Puget Energy and Puget Sound Energy.
  • Establishing our first Sustainable Financing Framework is an important milestone in accelerating our progress towards a cleaner energy future and being a Beyond Net Zero Carbon energy company by 2045.

Freddie Mac Multifamily Impact Bonds Surpass $15 Billion Mark

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Thursday, April 20, 2023
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MCLEAN, Va., April 20, 2023 (GLOBE NEWSWIRE) -- The Freddie Mac (OTCQB: FMCC) Multifamily released its annual Impact Bonds Report detailing the company’s successful efforts to issue more than $15 billion in Green, Social and Sustainability Bonds since 2019.

Key Points: 
  • MCLEAN, Va., April 20, 2023 (GLOBE NEWSWIRE) -- The Freddie Mac (OTCQB: FMCC) Multifamily released its annual Impact Bonds Report detailing the company’s successful efforts to issue more than $15 billion in Green, Social and Sustainability Bonds since 2019.
  • The annual report showcases how Freddie Mac’s Impact Bonds continue to support multifamily properties that address persistent housing challenges, particularly environmental and social issues, and provide additional transparency to investors.
  • “Transparency is a foundational component to our Impact Bonds program,” said Robert Koontz, the head of Capital Markets for Freddie Mac Multifamily.
  • $5 billion in Green Bonds since 2019: Green Bonds are backed by Multifamily loans that incentivize energy- and water-efficiency improvements at workforce housing properties.

Citi® Launches New Sustainable Time Deposit Solution to Support U.S. Institutional Clients

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Wednesday, April 5, 2023
Environment, Human Resources, Finance, Consulting, Banking, Accounting, Professional Services, Sustainability, Environmental, Social and Governance (ESG), Treasury, Housing, TD, Water quality, Woman, Rehabilitation, Organization, World Integrated Trade Solution, Citigroup, International Capital Market Association, ESG, Social Bonding and Nurture Kinship, Renewable energy

Citi® has announced the launch of a new sustainable time deposit solution designed to assist U.S. institutional clients when investing excess cash while supporting their sustainability goals.

Key Points: 
  • Citi® has announced the launch of a new sustainable time deposit solution designed to assist U.S. institutional clients when investing excess cash while supporting their sustainability goals.
  • Citi’s new Sustainable Time Deposit (TD) will deliver competitive yields and supports projects identified under Citi's green and social bond frameworks, expanding the program launched in Europe, the Middle East and Asia last year.
  • “Our new Sustainable Time Deposit solution reflects Citi’s commitment to providing tools that help our clients reach their goals with their own organizations and their communities."
  • “The expansion of our sustainable product suite is an important step toward providing comprehensive sustainable cash management solutions to our clients,” added Michael Fossaceca, North America Region Head, Treasury and Trade Solution, Citi.

S&P Affirms A+ Credit Rating for National CORE

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Tuesday, April 4, 2023
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RANCHO CUCAMONGA, Calif., April 4, 2023 /PRNewswire/ -- For the second consecutive year, National Community Renaissance of California (National CORE), an award-winning affordable housing developer of cost-contained high-performance apartment homes, receives an A+ credit rating from Standard and Poor's (S&P) Global Ratings, one of the foremost U.S. providers of credit ratings. In 2021, National CORE was one of only two affordable housing developers to earn such a rating.

Key Points: 
  • In 2021, National CORE was one of only two affordable housing developers to earn such a rating.
  • "To have S&P affirm the financial strength and the long-term stability has been a game changer for National CORE," said Chief Financial Officer Michael Finn.
  • Since receiving its initial credit rating, National CORE has closed on the issuance of $100 million in Taxable Bonds, Series 2022 (Social Bonds).
  • The S&P credit rating recognizes the strengths of National CORE, including its organizational leadership capabilities and market position.

Blaylock Van, LLC Shares 2022 Year-End Report

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Tuesday, January 17, 2023
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NEW YORK, Jan. 17, 2023 /PRNewswire/ -- In its year-end report spanning financials, deals, and community investment, Blaylock Van, LLC, the nation's longest continuously operating Black-owned investment banking firm, reported 23 percent growth in notional deal volume year-over-year, with 67 debt capital markets new issues representing nearly $186 billion notional. From 2018 to 2022, Blaylock Van's closed transactions increased by a CAGR of 23 percent and dealt notional value by 50%.

Key Points: 
  • From 2018 to 2022, Blaylock Van's closed transactions increased by a CAGR of 23 percent and dealt notional value by 50%.
  • "Our global team continues to capture new business, report remarkable growth, and showcase the strength of diversity from year to year," said Blaylock Van CEO and President Eric Standifer.
  • Furthermore, Blaylock Van served as co-manager for the two largest IPOs in 2022, including TPG's offering, which raised $1.1 billion across 37.2 million shares and was the largest IPO of the year, and Mobileye's IPO, which raised $820 million across 47.15 million shares.
  • Blaylock Van serves corporations, municipalities, investment managers and pension funds with a diverse employee base committed to work beyond financial services.

OneMain announces $50 million commitment to support minority depository institutions and veterans

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Wednesday, January 18, 2023
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OneMain Financial , the leader in offering nonprime customers responsible access to credit, announced today that it has committed $50 million dollars to support minority depository institutions (MDIs) and military veterans.

Key Points: 
  • OneMain Financial , the leader in offering nonprime customers responsible access to credit, announced today that it has committed $50 million dollars to support minority depository institutions (MDIs) and military veterans.
  • The company’s $50 million commitment is managed in equal parts through two J.P. Morgan Asset Management programs.
  • Our recent commitments in support of minority depository institutions and military veterans are designed to help communities become more financially secure and build stronger economic futures,” said OneMain Chairman and CEO Doug Shulman.
  • OneMain deepened this commitment in 2022 with a $600 million Social ABS Bond, the first of its kind by a U.S. issuer.

Fannie Mae Launches New Single-Family Social Disclosures

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Wednesday, November 16, 2022
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WASHINGTON, Nov. 16, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today launched new social disclosures, the Social Criteria Share (SCS) and the Social Density Score (SDS), for its Single-Family mortgage-backed securities (MBS). The new disclosures are designed to respond to investor feedback and aim to provide single-family MBS investors with insights into socially oriented lending activities while helping to preserve the confidentiality of mortgage consumers' personal information.

Key Points: 
  • WASHINGTON, Nov. 16, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today launched new social disclosures, the Social Criteria Share (SCS) and the Social Density Score (SDS), for its Single-Family mortgage-backed securities (MBS).
  • Fannie Mae intends to begin publishing these attributes for new Single-Family MBS issuances on December 2, 2022.
  • "We're excited to release the new social disclosures after receiving positive feedback on the proposal over the last several months," said Devang Doshi, Senior Vice President of Single-Family Capital Markets at Fannie Mae.
  • Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America.

Laurentian Bank publishes its inaugural Sustainable Bond Framework

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Monday, October 31, 2022
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MONTREAL, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) (Laurentian Bank) today announced the publication of its inaugural Sustainable Bond Framework (“Framework”) as part of its ongoing commitment to drive forward new ESG initiatives that make a positive impact for its customers, investors, employees, and communities.

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
    MONTREAL, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) (Laurentian Bank) today announced the publication of its inaugural Sustainable Bond Framework (Framework) as part of its ongoing commitment to drive forward new ESG initiatives that make a positive impact for its customers, investors, employees, and communities.
  • Under the Framework, Laurentian Bank can issue green bonds, social bonds, and sustainability bonds, collectively called Sustainable Bonds.
  • At Laurentian Bank, we believe we can change banking for the better, by seeing beyond numbers.
  • Founded in Montral in 1846, Laurentian Bank helps families, businesses and communities thrive.

Bloomberg Launches Global Aggregate Green, Social, Sustainability Bond Indices

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Monday, October 31, 2022
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NEW YORK, Oct. 31, 2022 /PRNewswire/ -- Bloomberg today announced the launch of the Bloomberg Global Aggregate Green, Social, Sustainability Bond Indices, further growing its offering of leading fixed income ESG indices. The indices utilize the flagship Bloomberg Global Aggregate Index, the Bloomberg Sustainable Finance Group's green, social and sustainability bond indicators, and fields that show alignment with the International Capital Market Association Green Bond, Social Bond and Sustainability Bond Principles and Guidelines.

Key Points: 
  • NEW YORK, Oct. 31, 2022 /PRNewswire/ -- Bloomberg today announced the launch of the Bloomberg Global Aggregate Green, Social, Sustainability Bond Indices, further growing its offering of leading fixed income ESG indices .The indices utilize the flagship Bloomberg Global Aggregate Index, the Bloomberg Sustainable Finance Group's green, social and sustainability bond indicators, and fields that show alignment with the International Capital Market Association Green Bond, Social Bond and Sustainability Bond Principles and Guidelines.
  • Building off Bloomberg's flagship Global Aggregate index, our new Global Aggregate Green, Social & Sustainability Bond Indices incorporate the research of Bloomberg's ESG and fixed income data teams to deliver a diverse set of indices to meet the varied needs of the investment community exploring this growing market."
  • The Bloomberg Global Aggregate Green, Social, Sustainability Bond Indices comprise 24 new indices including, but not limited to:
    Bloomberg Global Aggregate Green Social Sustainability Bond Index (ticker: I37363US)
    Bloomberg Global Aggregate Green Bond Index (ticker: I37364US)
    Bloomberg Global Aggregate Social Bond Index (ticker: I37365US)
    Bloomberg Global Aggregate Sustainability Bond Index (ticker: I37356US)
    Bloomberg Aggregate EUR Green Social Sustainability Bond Index (ticker: I37358EU)
    Bloomberg Aggregate USD Green Social Sustainability Bond Index (ticker: I37375US)
    Bloomberg ESG & Climate Indices help investors address sustainable finance initiatives across asset classes.
  • Recently, Bloomberg introduced the Bloomberg U.S. Municipal Impact Index to track Green, Social, and Sustainability Municipal Bonds, and the Bloomberg Climate Indices including EU Paris-Aligned Benchmarks.