Connecticut Green Bank Announces 2025 Green Liberty Bond Issuance to Support State’s Green Economy
Building upon sold-out issuances in 2020 and 2021, the Connecticut Green Bank’s lower-dollar denomination bond encourages individual and institutional investors to confront climate change
Hartford, CT (September 24, 2025) – The Connecticut Green Bank is proud to announce its 2025 Green Liberty Bond issuance, which is anticipated to be available to retail and institutional investors on or about September 29, 2025. Green Liberty Bonds are lower-dollar denomination bonds (offered in $1,000 increments), which reduces the barrier for investment by individuals. The bond proceeds will be independently certified as financing infrastructure projects with climate and environmental benefits that will help strengthen our state’s green economy and jobs.
This is the Green Bank’s third Green Liberty Bond release, building upon the success of the 2020 and 2021 issuances, which raised more than $40 million from retail and institutional investors in Connecticut and across the country. In those previous issuances, the supply of bonds could not meet the significant retail demand.
“We continue to make opportunities for direct investment into the green economy available to retail investors in Connecticut and nationwide with our proven Green Liberty investments,” said Bryan Garcia, President and CEO of the Connecticut Green Bank. “In 2020, we opened a new award-winning sub-category of green investment. Five years later, we are excited to bring this offering to market to support job growth and energy burden reduction for our state.” Retail investors’ orders will be given first priority. Investors must have an account with one of the brokerage firms participating in the bond sale, or with another firm that can place an order through a brokerage firm participating in the bond sale. Interested retail investors who do not have a brokerage account should contact lead bond underwriter Ramirez & Co., Inc. to begin the process of opening a new account. Visit https://www.ctgreenbank.com/how-to-buy-green-liberty-bonds for their contact information.
“Working with many of the same great partners from our previous Green Liberty offerings, we are looking forward to bringing another opportunity to investors,” said Bert Hunter, Chief Investment Officer of the Green Bank.
The Preliminary Official Statement, notifications and bond information can be found at https://www.ctgreenbankbonds.com/connecticut-green-bank-ct/bonds/bond-offering/i6126?offeringId=87379.
About the Green Liberty Bonds and Connecticut Green Bank
Modeled after the World War II Series-E bonds, which were purchased by more than 80 million Americans, Green Liberty Bonds are an opportunity for investors to take on the shared challenge of climate change and green infrastructure investment through the purchase of bonds. In November 2020, the Green Liberty Bond was honored by The Bond Buyer as the winner of Deal of the Year in the Innovative Financing category.
Like the previous issuances, these Green Liberty Bonds are expected to be labeled “Certified Climate Bonds” by the Climate Bonds Initiative, and compliance of the bond’s issuance with the Climate Bonds Standards will be verified by Kestrel Verifiers.
The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first state-level green bank and has since supported the creation of nearly 30,000 green jobs in the state, while reducing the energy cost burden on over 71,000 families, businesses, and nonprofits. The Green Bank’s vision is a planet protected by the love of humanity and its mission is to confront climate change by increasing and accelerating investment into Connecticut’s green economy to create more resilient, healthier, and equitable communities. This is accomplished by leveraging limited public resources to scale-up and mobilize private capital investment into Connecticut. In 2017, the Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and Innovation for their “Sparking the Green Bank Movement” entry. In 2021, the Green Bank’s model was expanded to include new areas of environmental infrastructure, related to climate adaptation and resiliency, land conservation, parks and recreation, agriculture, water, waste and recycling, and environmental markets, including carbon offsets and ecosystem services. To date, the Green Bank has mobilized over $3 billion into the State’s green economy. This has reduced the energy costs for thousands of families and businesses, and reduced greenhouse gas emissions that cause climate change and worsen public health.
Disclaimer
This press release does not constitute a recommendation or an offer or solicitation for the purchase or sale of any security or other financial instrument, including the 2025 Green Liberty Bonds, or to adopt any investment strategy. Any offer or solicitation with respect to the 2025 Green Liberty Bonds will be made solely by means of the Preliminary Official Statement and Official Statement, which will describe the actual terms and conditions of the 2025 Green Liberty Bonds. The information provided is subject in all respects to the information presented in the complete Preliminary Official Statement prepared in connection with the issuance of Green Liberty Bonds. Any investment decisions regarding any of the Green Liberty Bonds should only be made after a careful review of the complete Preliminary Official Statement.
For More Information, Contact: Rudy Sturk (Rudy.Sturk@ctgreenbank.com)