December 04, 2019

Bloomberg: California Pension Fund Goes Green With Muni-Bond Debut

The public pension, the second-biggest in the nation, is selling $281 million in tax-exempt municipal green bonds at a time when wealthy Californians are snapping up such debt to drive down their tax bills and when buyers are increasingly seeking investments intended to lessen the impact of climate change. Kestrel Verifiers provided an external review on the alignment of the securities with the Climate Bonds Standard.