July 01, 2019

Recycling Today: RethinkWaste issues $50M in Green Bonds

RethinkWaste in San Carlos, California, issued Green Bonds consisting of $48,775,000 in Solid Waste Enterprise Refunding Revenue Bonds Series 2019A and Solid Waste Enterprise Revenue Bonds Series 2019B (for new projects) to make various environmental upgrades at its agency-owned, Shoreway Environmental Center. Kestrel Verifiers provided a Second Party Opinion confirming the bond’s alignment with the Green Bond Principles.  A second opinion against the Green Bond Principles was done by Kestrel Verifiers, an approved verifier by the Climate Bonds Initiative. These are the first Green Bonds floated in San Mateo County for green infrastructure and waste reduction.