"I think ESG is here to stay in our market. I think it's a natural fit with the types of infrastructure that our market finances," said MSRB CEO Mark Kim.
Property owners in the path of a $5 billion highway extension and the Oklahoma Turnpike Authority are fighting over whether state statutes allow for the issuance of bonds for the project.
With interest rates expected to keep rising, the deal will tap all of the remaining authorization from the $3.5 billion Rebuilding Michigan bond program.