Chicago, Aug. 30 – Equitable School Revolving Fund issued $230 million of social bonds (A), according to a press release.
The fourth round of bonds from the issuer will recapitalize the Equitable Facilities Fund.
Proceeds will be used to capitalize the issuer’s financial model of lending to public charter schools.
The issuer is a philanthropy-backed impact fund.
The social impact fund is based in New York.
| Issuer: | Equitable School Revolving Fund
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| Amount: | $800 million
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| Issue: | Social bonds
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| Announcement date: | Aug. 30
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| Rating: | S&P: A
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