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Municipal Bond Offerings This Week See High Flood and Hurricane Risk Scores

BY MT Newswires | MUNICIPAL | 08:01 AM EDT

08:01 AM EDT, 06/09/2026 (MT Newswires) -- Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood Risk and Hurricane Risk Scores, according to ICE Climate Data.

A $7 million offering from Ellicottville Central School District, N.Y., records a Flood Risk Score of 5.0 out of 5.0, ICE reports. Locations with a component Physical Climate Risk Score, which includes Flood, Wildfire and Hurricane, of 2.0 or higher out of 5.0 indicate high physical climate risk due to hurricane, flooding, or wildfire events.

A $195 million bond deal from Cape Coral, Fla., has a Hurricane Risk Score of 4.2 out of 5.0 on ICE's scale, while a $14 million tranche from Fort Edward Union Free School District, N.Y., records an Acute Physical Risk Score of 4.6.

Separately, a $56 million offering from Needville Independent School District, Texas, records a Combined Physical Risk Score of 5.0, and a $27 million deal from Indian River County, Fla., has a Combined Physical Risk Score of 4.3, due to their proximity to weather-related events, according to ICE Climate Data.

This content is created by MT Newswires and includes certain data sourced from ICE Climate Data ("ICE"). Views of MT Newswires do not necessarily represent the views of ICE. ICE is not a nationally registered statistical rating organization, nor should this commentary be construed to constitute an assessment of the creditworthiness of any company or financial instrument or as providing investment advice. Climate analytics available from ICE are meant to be generally indicative of overall feature sets but should not be considered an analyst's opinion of the underlying investability of a particular location or security.

The ICE Climate Risk Score is a singular, 0.0-5.0 assessment score that blends all the ICE Spatial Intelligence Platform's climate hazard models together into one rigorous, relative measure of total property risk from physical climate hazards to a given location or set of locations related to the investment. To learn more about the ICE Climate Risk Data, visit: ICE Sustainable Finance Data (https://www.ice.com/data-services/sustainable-finance-data/disclaimer)

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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