Issuer Type: Pool/Bond Bank/Conduit
Drinking Water Fund - State Revolving Funds
Municipal Road and Bridge Fund - Revolving Funds
Efficient Buildings Fund - Revolving Funds
Efficient Buildings Fund - Green Bond Evaluation
Clean Water Fund - State Revolving Funds
Clean Water Fund - State Revolving Fund
On behalf of Rhode Island Infrastructure Bank, I would like to welcome you to our investor relations portal. We appreciate your interest and investment in bonds issued by the the Bank, as it allows us to make critical investments in public infrastructure throughout Rhode Island. We are committed to maintaining our strong bond ratings and providing transparency to the investor community and public at large.
I hope you find the information included on our BondLink page useful as you seek to better understand the credit fundamentals of the Bank. Please do not hesitate to contact our office with suggestions for how we can be doing better. Thank you again for your interest in our Bank and our bond issues.
Jeffrey R Diehl, Executive Director and CEO
Rhode Island Infrastructure Bank issued the first Efficient Building Fund (EBF) loan following its inaugural public bond issuance last month. A portion of the proceeds will provide below market financing to the Town of North Kingstown for its streetlight retrofit project. Recently, North Kingstown purchased their streetlights from National Grid to convert them to energy-saving LED lights.
“By taking advantage of the Bank’s Efficient Buildings Fund to upgrade their streetlights, North Kingstown will generate significant savings for the Town and make a positive impact on the environment,” said Jeffrey Diehl, CEO of the Infrastructure Bank. “The EBF program finances projects that reduce energy costs for municipalities, save tax payers money, reduce greenhouse gas emissions and protect the environment.”
Rhode Island Infrastructure Bank is providing $350,000 in financing for drinking-water system improvements at the Four Seasons Mobile Home Cooperative Association in Tiverton, the Providence-based bank announced.
The financing was made possible through the bank’s Drinking Water State Revolving Fund. The principal “forgiveness” loan will allow Four Seasons to improve the safety and quality of residents’ drinking water without compromising the cooperative’s finances, the bank said.
Rhode Island Infrastructure Bank is pleased to announce that it has become a signatory to the Green Bond Pledge. In doing so, the Bank is reinforcing its commitment toward financing projects that directly account for environmental impact and climate risk.
The Green Bond Pledge asserts that when applicable, bonds financing long-term infrastructure and capital projects will address environmental impacts and climate risk. The Pledge calls on signatories (cities, county and state governments, and corporations) to incorporate resilient and sustainable solutions when planning, designing and building/rehabilitating infrastructure assets. By adhering to the core tenets of the Pledge, signatories ensure that both communities and investors will be positioned to “withstand the 100-year storm”.