Multiple municipal bond offerings this week have a strong exposure to climate risk, specifically to floods and hurricanes, according to ICE Climate Data.

A $9 million offering from Highland Falls, New York, records a flood risk score of 2.6 out of 5.0, ICE reports.

Locations with a component Physical Climate Risk Score of 2.0 or higher out of 5.0 indicate high physical climate risk due to hurricane, flooding or wildfire events.

A $623 million bond deal from Hillsborough County, Florida, has a hurricane risk score of 2.7 out of 5.0 on ICE's scale, while a $5 million tranche from Galveston County MUD No. 68, Texas, records an acute physical risk score of 3.6.

A $15 million offering from St. Johns Fire District, South Carolina, records a combined physical risk score of 5.0, and a $24 million deal from Jersey Village, Texas, has a combined physical risk score of 2.9 due to its 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.