- Proceeds from sale will finance school construction projects
- Document says state won’t provide social bond use updates
New Jersey says it’s getting into the social-bond market.
The Garden State’s Economic Development Authority Thursday is selling $350 million of what officials have self-designated as social bonds through a negotiated offering managed by Loop Capital Markets. It’s the first social bond for the state, according to data compiled by Bloomberg.
Bloomberg Markets
By Danielle Moran
January 7, 2021, 6:54 AM PST