IBank Issued $340.6 Million CalSTRS Green Bonds
California State Teachers Retirement System | State of CaliforniaState · West Sacramento, CA- Disclosed value
- $340.6 million ($272.6 million par and $68.0 million original issue premium)
- From budget
- Document date
- Nov 5, 2026
- Renews
- Free account
The 30-second brief
The California Infrastructure and Economic Development Bank issued $340.6 million in Series 2019 tax-exempt lease revenue green bonds on behalf of CalSTRS. The 30-year financing funded the headquarters expansion tower and related costs, with debt service continuing through fiscal year 2049–50.
California Infrastructure & Economic Development Bank (Ibank) holds this financial services contract with California State Teachers Retirement System | State of California. Its other public contracts on record include work for City of Sebastopol and Olivenhain Municipal Water District.
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Contract details
- Contract type
- Financial Services
- Amount
- $340.6 million ($272.6 million par and $68.0 million original issue premium)
- Document date
- November 5, 2026
- Term
- 30 years; annual principal and semiannual interest payments began in fiscal year 2023–24 and continue through fiscal year 2049–50
- Renews
- On record
- Vendor
- California Infrastructure & Economic Development Bank (Ibank)
- Source document
- California State Teachers' Retirement System Budget Proposed 2027-28 Annual Budget 2026-11-05 (Budget)
California Infrastructure & Economic Development Bank (Ibank)'s other public contracts
More California State Teachers Retirement System | State of California contracts
Questions about this contract
Who was awarded the financial services contract by California State Teachers Retirement System | State of California?
California Infrastructure & Economic Development Bank (Ibank) was awarded this financial services contract by California State Teachers Retirement System | State of California, as recorded on November 5, 2026. The contract value is $340.6 million ($272.6 million par and $68.0 million original issue premium).
How much is the California Infrastructure & Economic Development Bank (Ibank) contract with California State Teachers Retirement System | State of California worth?
The California Infrastructure & Economic Development Bank (Ibank) contract with California State Teachers Retirement System | State of California is valued at $340.6 million ($272.6 million par and $68.0 million original issue premium), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a budget record.
Where was this contract approved?
This contract appears in California State Teachers' Retirement System Budget Proposed 2027-28 Annual Budget 2026-11-05 (Budget), dated November 5, 2026 from California State Teachers Retirement System | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What is California State Teachers Retirement System | State of California currently buying?
Explore California State Teachers Retirement System | State of California's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.