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Green Evaluation: Rhode Island Infrastructure Bank Proposed $19.8 Million Revenue Bonds Series 2018 A, October 31, 2018

Rhode Island Infrastructure Bank (RIIB) Efficient Buildings Fund is proposing to issue $19.8 million in Efficient Buildings Fund revenue bonds series 2018 A, green bonds. Our Green Evaluation reflects our view of the RIIB’s project and financing allocation and oversight. The bond proceeds will be used to refund the RIIB’s previously issued 2016 and 2017 Efficient Building Fund bond anticipation notes (BANs) and fund an additional loan. The series, including the refunding of the BANs, will fund energy saving or clean energy projects for municipalities within Rhode Island. In our opinion, this transaction is aligned with the Green Bond Principles (GBP) 2018.

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