Last month, the Illinois Environmental Protection Agency (IEPA) and the Illinois Finance Authority (IFA) closed their joint $500 million Clean Water Initiative-State Revolving Fund Revenue Bonds, Series 2020 (Series 2020 Green Bonds). The bonds maintained the highest rating, “AAA,” from both Fitch Ratings and Standard & Poor’s Global Ratings. The proceeds of the Series 2020 Green Bonds will be used to deliver clean water to the people of Illinois and fund wastewater treatment at a lower cost while putting people to work.
“IEPA’s continued partnership with the IFA, coupled with the second Green Bond transaction, provides a sustainable funding source for the implementation of water infrastructure projects throughout Illinois for years to come,” said IEPA Director John Kim. “These funds are necessary to provide local governments with low-interest loans to meet the needs of their communities, while improving overall water quality. The Series 2020 Green Bonds represent our continued commitment to Illinois communities to ensure safe and clean water for all residents.”
To learn more about IEPA’s State Revolving Fund Loan Programs, click here.