Hawaii offers $150 million green energy market securitization bonds

By Cristal Cody

Tupelo, Miss., Oct. 30 – The State of Hawaii intends to price $150 million of Department of Business, Economic Development and Tourism green energy market securitization bonds (Aaa/AAA/AAA), according to a preliminary official statement.

The series 2014A bonds include a $50 million tranche of series A-1 notes due July 1, 2022 and $100 million of series A-2 notes due Jan. 1, 2029.

The series A-1 notes are expected to have a weighted average life of 3.05 years. The series A-2 bonds have a scheduled weighted average life of 10.21 years.

Goldman Sachs & Co. and Citigroup Global Markets Inc. will manage the negotiated sale.

Proceeds will be used for environmentally beneficial projects.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.