NEW YORK, NY--(Marketwired - April 04, 2017) - In a first-ever move of its kind, the Local Initiatives Support Corporation (LISC) is issuing $100 million in general obligation bonds to help accelerate its work around economic opportunity and drive investment capital into distressed urban and rural communities across the country.

Standard & Poor's assigned a 'AA' rating to the bond issue, which includes term bonds of 10 and 20 years. The rating mirrors S&P's issuer credit rating, assigned to LISC in September 2016, which highlighted the organization's diverse and growing asset base, minimal loss exposure, and strong history of loan performance.

Read the full press release here.

Read more on how this release was covered here

 

Make Headlines

Send us your CDFI news by email, or by tweet to @OppFinance.

STAY INFORMED

Get updates on the latest CDFI news and information! View an archive of OFN's Blog Digest newsletter HERE.

Related Articles