Boston Medical Center (BMC)

MassDevelopment issued $232.4 million in tax-exempt Sustainability Bonds on behalf of Boston Medical Center (BMC), to finance several capital projects, including the renovation and expansion of existing facilities at its primary campus in Boston’s South End neighborhood. The bonds support BMC’s goal to become carbon net zero by 2030 and received the Sustainable Bond designation by Kestrel Verifiers. This project marks the first Sustainability Bonds issued to a nonprofit health care organization in the United States. The bonds were sold through a public offering underwritten by RBC Capital Markets LLC.

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