SolarCity sells $9 million of solar bonds to RSF Social Finance

By Lisa Kerner

Charlotte, N.C., July 23 – SolarCity Corp. sold $9 million of its solar bonds to RSF Social Finance.

RSF purchased the majority of the bonds using its liquidity fund, a largely cash reserve that holds donor-advised funds awaiting grant-making, according to a news release.

SolarCity launched its public bond offering to individual consumers in October.

“RSF is proud to directly support SolarCity’s work in renewable energy, said RSF president and chief executive officer Don Shaffer in a news release. Like RSF’s Social Investment Fund, SolarCity’s solar bonds are available to individual investors with a minimum $1,000 investment.”

San Francisco-based RSF lends money to path-breaking social enterprises, provides impact investing vehicles to investors and manages grant funds.

San Mateo, Calif.-based SolarCity provides clean energy and financial products based on clean energy.

© 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.