BNY Mellon has been appointed by the Vermont Educational and Health Buildings Financial Agency (VEHBFA) and Saint Michael’s College as trustee, paying agent and registrar for approximately $18.5m in green bonds. The college is a not-for-profit institution that provides education to more than 2,000 students from kindergarten through 12th grade. BNY Mellon’s social finance products are designed to help investors to achieve return, while considering the environmental, social and governance (ESG) impact of investments.
BNY Mellon has been appointed by the Vermont Educational and Health Buildings Financial Agency (VEHBFA) and Saint Michael’s College as trustee, paying agent and registrar for approximately $18.5m in green bonds. The bonds are the first green bonds to be issued by a higher education institution in Vermont, and will finance construction of a new hall of residence for students, which is being designed to use less energy. BNY Mellon’s social finance products are designed to help investors to achieve return, while considering the environmental, social and governance (ESG) impact of investments.