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A $145 million bond financing from Equitable Facilities Financing’s (EFF)“Equitable School Revolving Fund” went to market on August 12ᵗʰ. The bonds have been given a “social” designation from Kestrel Verifiers. Social bonds are a burgeoning area in the municipal market, as issuers and investors alike become more aware of the interest from a growing investor class that wants a signifier of how municipal bond proceeds are being spent.