Massachusetts closed their second green bond last night. They were nearly 3x oversubscribed!
In June last year the State of Massachusetts was the first to market in the USA with a green Muni. They're about to go again - their bond sales calendar has them going to market next week, on 17 September, with a new $250 million "general obligation" green bond.
The Massachusetts AA+ green bond I mentioned last week got a lot of coverage on release this week - even the WSJ ran the story. But there was a twist: it seems the State had to scale back the total $1.1bn GO offering to $670m on tepid demand, but the green bond bit was 30% oversubscribed.
Reuters reports that the US State of Massachusetts will issue $100 million of Green General Obligation Bonds, as part of a $1.115 billion parcel of bonds to be issued on 4 June 2013.
