Capital Plus Financial closes $125 million Treasury bond
DALLAS, Dec. 19, 2022 /PRNewswire/ -- Capital Plus Financial, a community development financial institution, certified B Corp and wholly owned subsidiary of Crossroads Impact Corp, closed a $125 million bond from the United States Treasury Department's CDFI Bond Guarantee Program – the largest bond allocation issued by the program in 2022.
- DALLAS, Dec. 19, 2022 /PRNewswire/ -- Capital Plus Financial, a community development financial institution, certified B Corp and wholly owned subsidiary of Crossroads Impact Corp, closed a $125 million bond from the United States Treasury Department's CDFI Bond Guarantee Program – the largest bond allocation issued by the program in 2022.
- After the program's thorough due diligence, Capital Plus Financial was named a bond recipient of the highly selective and competitive program, which will allow CPF the ability to better serve its borrowers by providing long-term, fixed-rate cost of debt capital.
- Capital Plus Financial is one of only five CDFIs nationwide selected.
- The U.S. Treasury Department issues the bond for which the qualified issuer sells the bonds to the Federal Financing Bank.