May 03, 2023

MassDevelopment Issues $232M First-in-the-Nation Sustainability Bond

Massachusetts Development Finance Agency issued bonds on behalf of Boston Medical Center, the largest safety net provider in New England. Kestrel provided a Second Party Opinion for a Sustainability Bonds designation for the bonds, which finance construction and renovation projects at several patient care facilities. The projects increase the number of patient beds and operating rooms, improve energy efficiency of facilities, and support equitable access to healthcare for under-resourced and underserved populations in Boston and surrounding communities.