Hannon Armstrong Sustainable Infrastructure Capital Inc. completed an $84 million offering of sustainable yield bonds in which BlackRock Inc. arranged institutional financing.

A Hannon Armstrong indirect subsidiary issued the bonds, which financed efficiency and solar assets in more than 90 public schools and more than 20 local government properties across four different states.

The nonrecourse bonds have a 4.35% fixed rate coupon, a 20-year life and a CarbonCount score of 0.27 metric tons of greenhouse gas per $1,000.