HARTFORD — CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, Wednesday launched its 14th debt security offering. Connecticut residents and investors nationwide have contributed more than $3.6 million through previous offerings.
The quarterly Green Liberty Notes, which help small businesses improve energy efficiency and lower energy costs, can be purchased with a low minimum investment of just $100 through Green Bank’s partnership with Honeycomb Credit.
“We are proud to launch our 14th offering this fall, continuing our commitment to strengthening the small business community in Connecticut,” said Bert Hunter, executive vice president and CIO of the Connecticut Green Bank. “Now, more than ever, everyday investors have the opportunity to drive the success and stability of small businesses in their backyard.”
Through this offering, the Green Bank is issuing $50,000-$350,000 in senior unsecured debt with an annual interest rate of 4.5% except for existing investors who reinvest through their reinvestment offer.
To date, more than 60% of original investments have been $1,000 or less, and more than half of the investors have been Connecticut residents. In total, individuals from 43 states have invested in Green Liberty Notes.
Investments in this offering support Eversource’s Small Business Energy Advantage (SBEA) program, which enables small businesses in Connecticut to lower their energy expenses through efficiency enhancements and interest-free loans. The benefits associated with the SBEA program have been reviewed and verified by Kestrel for their environmental impact.
The previous Green Liberty offering became the 11th in a row to exceed its maximum raise, with the latest round setting a record for the highest number of investors.
For more information or to invest, please visit www.greenlibertynotes.com.
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 more than 30,000 green jobs in the state, while reducing the energy cost burden on over 71,000 families, businesses, and nonprofits.
