The New York Metropolitan Transport Authority (MTA) is responsible for developing and implementing a unified public mass transport system for the New York metropolitan area. It is the largest regional public transportation provider in the Western Hemisphere, serving a region of approximately 14.6 million people spread over 5,000 square miles (13,000 km²) in New York State and Connecticut. This includes commuter rail routes, subway routes, rapid transit and bus routes.
MTA issued its first Climate Bonds Certified bond in February 2016. They have over US$11 billion of eligible assets to issue against as part of their 2010-2014 Capital Plan. Proceeds from bond sales will be allocated for capital investments in MTA’s electrified rail assets and supporting infrastructure.
| Name of Bond | Month of Issue | TYPE OF INSTRUMENT |
SIZE |
COUNTRY OF ISSUE |
CLIMATE BONDS SECTOR CRITERIA |
VERIFIER'S REPORT |
ANNUAL REPORT | FURTHER INFORMATION |
|---|---|---|---|---|---|---|---|---|
| Transportation Revenue Green Bonds, Series 2016A |
February 2016 |
Revenue bond |
USD 782m |
USA |
Low Carbon Transport |
Pre Issuance Verification Report Post Issuance Verification Report (includes the first 7 bonds, up to "2017C") |
||
| Dedicated Tax Fund Green Bond, Series 2016B | May 2016 |
Revenue bond | USD 588m | USA | Low Carbon Transport | see above | ||
| Dedicated Tax Fund Green Bond, Series 2017A | February 2017 | Use of proceeds bond | USD 312m | USA | Low Carbon Transport | see above | ||
| Transportation Revenue Green Bonds, Series 2017A |
March 2017 |
Use of proceeds bond | USD 325.5m | USA | Low Carbon Transport | see above | ||
| Dedicated Tax Fund Green Bond, Series 2017B | May 2017 | Revenue bond | USD 680m | USA | Low Carbon Transport | see above | ||
| Transportation Revenue Refunding Green Bonds, Series 2017B | September 2017 | Revenue Bond | USD 662m | USA | Low Carbon Transport | see above | ||
| Transportation Revenue Refunding Green Bonds, Series 2017C | December 2017 | Revenue Bond | USD 2.02Bn | USA | Low Carbon Transport | see above | ||
| Transportation Revenue Refunding Green Bonds, Series 2018B | August 2018 | Revenue Bond | USD 207m | USA | Low Carbon Transport | post issuance verification for 2018B, 2019AB | Annual Report April 2020 | |
| Transportation Revenue Green Bonds, Series 2019A | February 2019 | Revenue Bond | USD 454,150,000 | USA | Low Carbon Transport |
|
Annual Report April 2020 | |
| Transportation Revenue Green Bonds, Series 2019B |
May 2019 |
Revenue Bond | USD 177,185,000 | USA | Low Carbon Transport | post issuance verification for 2018B, 2019AB | Annual Report April 2020 | |
| Transportation Revenue Green Bonds, Series 2019C | August 2019 | Revenue Bond | USD 422,430,000 | USA | Low Carbon Transport | post issuance verification for 2019C, D, 2020A, C | Annual Report April 2020 | EMMA Official Statement |
| Transportation Revenue Refunding Green Bonds, Series 2019D | November 2019 | Revenue Bond |
USD 241,745,000 |
USA | Low Carbon Transport | post issuance verification for 2019C, D, 2020A, C | Annual Report April 2020 | EMMA Official Statement |
| Transportation Revenue Green Bonds, Series 2020A | January 2020 | Revenue Bond | USD 924,750,000 | USA | Low Carbon Transport | post issuance verification for 2019C, D, 2020A, C | Annual Report April 2020 | EMMA Official Statement |
| Transportation Revenue Green Bonds, Series 2020C | May 2020 | Revenue Bond | USD 1,725,000,000 | USA | Low Carbon Transport | post issuance verification for 2019C, D, 2020A, C | EMMA Official Statement | |
| Transportation Revenue Green Bonds, Series 2020D | September 2020 | Revenue Bond | USD 900,000,000 | USA | Low Carbon Transport | EMMA Official Statement | ||
| Transportation Revenue Green Bonds, Series 2020E | November 2020 | Revenue Bond | USD 419,915,000 | USA | Low Carbon Transport | EMMA Official Statement | ||
| Transportation Revenue Green Bonds, Series 2021A | February 2021 | Revenue Bond | USD 495,000,000 | USA | Low Carbon Transport | EMMA Official Statement |
Note: Programmatic Issuance - only one pre issuance report required for first bond. All subsequent bonds use that same report.