Bond Ratings
Loans Outstanding as of 12/31/2018

Welcome Letter

On behalf of the Vermont Municipal Bond Bank, I would like to welcome you to our investor relations website.

The Bond Bank makes critical investments in public infrastructure throughout Vermont, which would not be possible without our investors. I hope you find this website useful to understand both the credit strengths of our bonds as well as the impacts of our work.

Please do not hesitate to contact our office with suggestions for how we can be doing better. Thanks again for your interest in our bonds.

Michael Gaughan
Michael Gaughan
Executive Director

The Vermont Municipal Bond Bank

The Vermont Municipal Bond Bank was created by the Vermont legislature in 1970 to assist eligible governmental units access public financing markets. The Bond Bank is governed by a five-member Board of Directors with four appointed by the Governor and the State Treasurer serving as an ex-officio member.

The Bond Bank underwrites and provides municipal loans for local infrastructure projects through the pooled loan program. Loans are primarily financed through the Bond Bank’s issuance of publicly offered tax-exempt bonds.

On an on-going basis, the Bond Bank services its loans and provides outreach and planning assistance to potential borrowers.

The Bond Bank also co-manages the State’s Revolving Funds with the Department of Environmental Conservation. Loans are issued for the planning and construction of municipal drinking water and clean water projects.