BlueHub Loan Fund Secures $75 Million in Inaugural Public Bond Issuance
OFN member BlueHub Loan Fund announced on January 31, 2020, that it has completed its first public debt offering, a $75 million Sustainability Bond—$56.25 million in 10-year bonds and $18.75 million in 7-year bonds. The successful offering enables BlueHub Loan Fund to continue its strategy of strong lending to finance high impact projects in low-income communities across the country.
“We have a 35-year track record of bridging the gap between low-income communities and the financial resources they need to thrive. BlueHub Loan Fund has invested over $1.3 billion, and leveraged over $8.5 billion additional investment, to finance projects that enhance community vitality—affordable housing, grocery stores, childcare centers and schools, healthcare facilities, and more,” said Elyse Cherry, BlueHub Capital’s CEO. “Our Sustainability Bond is the right next step in our continued growth and reflects an endorsement of our lending model by mainstream capital markets.”
Read the full announcement.