Connecticut Green Bank Subsidiary’s Tenth Investment Offering for Citizens Surpasses Its Maximum Raise

Featuring an increased maximum raise limit, investment opportunity exceeds target, becomes eighth consecutive sell out   

 

Hartford, CT (May 28, 2024) – CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, successfully closed their tenth Green Liberty offering, surpassing its maximum raise amount. To allow for more investors to participate in this innovative and certified green investment opportunity, this was the third offering that featured an increased maximum raise limit of $350,000.  This is the eighth consecutive offering to exceed the maximum. In total, more than $2.3 million has been raised from Connecticut citizens and nationwide investors in support of small businesses improving their energy efficiency and reducing their energy costs. The campaign is made possible in partnership with Raise Green, an award-winning online marketplace for impact investing.  

 Green Liberty Notes, which are offered quarterly, can be purchased through an online platform without a broker, with a minimum investment of just $100.  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 35 states have invested in Green Liberty Notes. 

Investments in the Green Liberty offering support Eversource’s Small Business Energy Advantage (SBEA) program, which enables small businesses in Connecticut to reduce their energy costs through efficiency upgrades and zero-interest loans. The Connecticut Green Bank and Amalgamated Bank (America’s largest B Corp bank) recently celebrated the purchase of more than $100M of SBEA loans, driving environmental benefits and economic growth in local restaurants, town halls, community organizations, and more. 

As a result of the climate benefits associated with the SBEA program, this Green Liberty offering has been reviewed and designated a Green Bond by Kestrel, a leading provider of external reviews for green, social and sustainability bond transactions and a Climate Bonds Initiative Approved Verifier. 

For more information about investment opportunities, please visit invest.ctgreenbank.com.