BREAKING DOWN 'Green Bond'
These bonds are created to encourage sustainability and the development of brownfield sites. The tax-exempt status makes purchasing a green bond a more attractive investment when compared to a comparable taxable bond. To qualify for green bond status the development must take the form of any of the following:
1) At least 75% of the building is registered for LEED certification;
2) The development project will receive at least $5 million from the municipality or State; and
3) The building is at least one million square feet in size, or 20 acres in size.
Read more: Green Bond Definition | Investopedia http://www.investopedia.com/terms/g/green-bond.asp#ixzz3zANWD0Vf
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