SMART TRAIN REFINANCING SUCCESS IN SAN FRANCISCO BAY AREA
The SMART (Sonoma-Marin Area Rail Transit) agency in North Bay successfully refinanced its new transit systems construction project. The SMART transit agency sold $122.97 million in Green Bonds regarding therein project outstanding debt with savings for available pricing bonds in the market. The SMART refinancing bond approach was rated AA with a designation under GBP (Green Bond Principles) standards and aligned with environmentally beneficial projects.