Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Transbay Joint Powers Authority

 

The Transbay Transit Center is a new landmark transport development that would serve as a public transport hub in downtown San Francisco. It replaces the older Transbay Terminal. Phase 1 of the new Center opened to the public in 2018. When the second phase is fully completed, it would form the downtown terminus of the Caltrain, a fully electric commuter rail that currently stops about a mile away.

The development of the Transbay Transit Center is overseen by a special body set up specifically for the purpose, TJPA. The TJPA is a joint exercise of powers authority created by the City and County of San Francisco, the Alameda-Contra Costa Transit District, the Peninsula Corridor Joint Powers Board, the California High Speed Rail Authority, and Caltrans (ex officio).

This Certification was based on the same pre issuance verification work that had previously been done by the City and County of San Francisco in 2017.

 

DATE OF ISSUE  NAME TYPE OF INSTRUMENT SIZE COUNTRY OF ISSUE CLIMATE BONDS SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT FURTHER INFORMATION
June 2020 Senior Tax Allocation Bonds 2020A, 2020A-T
Subordinate Tax Allocation Bonds 2020B
Use of proceeds bond  USD 271,205,000 California Low Carbon Transport   Sustainalytics pre issuance report

 

EMMA Official Statement 

EMMA website for this issuer