Hannon Armstrong Recognized as Green Bond Pioneer
ANNAPOLIS, Md., Feb. 3, 2016 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," or "our" or "the Company;" NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that the Climate Bonds Initiative, an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy, in partnership with the London Stock Exchange, has honored the Company with its green asset backed securities (ABS) pioneer award.
The awards, which were presented on February 3, 2016 at the London Stock Exchange, are in recognition of pioneer organizations, who through their actions have demonstrated the potential of green bonds and by positive example have called investors, governments and business to action. The awards were given in several categories and other winners include the World Bank, the European Investment Bank, Bank of American Merrill Lynch and the People's Bank of China.
Hannon Armstrong's first Sustainable Yield℠ ABS was issued in December 2013. Its second issuance, completed in 2015, was the first to include CarbonCount™, a 3rd party green bond verification provided by The Alliance to Save Energy.
Jeffrey Eckel, President & CEO, Hannon Armstrong, on receiving the award, said, "We are honored to receive such esteemed recognition for our green ABS issuances. With the addition of CarbonCount to our issuances, investors now have a simple, yet rigorous, way to determine the carbon impact of their investment. Transparency in environmental impact provided by issuers and demanded by investors will be a key element to the further development of the green bonds market."
"We have a huge amount of green infrastructure to build in coming years, and Hannon Armstrong has led the way since their initial labelled green ABS in 2013," said Sean Kidney, CEO of Climate Bonds Initiative. "This is a well-deserved pioneer award that recognizes Hannon Armstrong has taken an early and leading role in developing green ABS opportunities."
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) provides debt and equity financing to the energy efficiency and renewable energy markets. We focus on providing preferred or senior level capital to established sponsors and high credit quality obligors for assets that generate long-term, recurring and predictable cash flows. We are based in Annapolis, Maryland, and we elected and qualified to be taxed as a real estate investment trust (REIT) for federal income-tax purposes beginning with our taxable year ended December 31, 2013.
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Investor Relations Inquiries:
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410-571-6189
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SOURCE Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Released February 3, 2016