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.

 

New York Metropolitan Transport Authority

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.

 

Overall EMMA page for MTA

 

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")

FY 2016 Annual Report

FY 2017 Annual Report

Annual Report April 2020

EMMA Official Statement

MTA Investor Information

EMMA page

Press release 2016

Dedicated Tax Fund Green Bond, Series 2016B May
2016
Revenue bond USD 588m USA Low Carbon Transport see above

FY 2016 Annual Report

FY 2017 Annual Report

Annual Report April 2020

EMMA Official Statement

MTA Investor Information

EMMA page

Dedicated Tax Fund Green Bond, Series 2017A February 2017 Use of proceeds bond USD 312m USA Low Carbon Transport see above

FY 2016 Annual Report

FY 2017 Annual Report

Annual Report April 2020

EMMA Official Statement

MTA Investor Information

EMMA page

Transportation Revenue Green Bonds, Series 2017A

March

2017

Use of proceeds bond USD 325.5m USA Low Carbon Transport see above

FY 2016 Annual Report

FY 2017 Annual Report

Annual Report April 2020

EMMA Official Statement

MTA Investor Information

EMMA page

Dedicated Tax Fund Green Bond, Series 2017B May 2017 Revenue bond USD 680m USA Low Carbon Transport see above

FY 2017 Annual Report

Annual Report April 2020

EMMA Official Statement

MTA Investor Information

EMMA page

Transportation Revenue Refunding Green Bonds, Series 2017B September 2017 Revenue Bond USD 662m USA Low Carbon Transport see above

FY 2017 Annual Report

Annual Report April 2020

EMMA Official Statement

MTA Investor Information

EMMA page

Transportation Revenue Refunding Green Bonds, Series 2017C December 2017 Revenue Bond USD 2.02Bn USA Low Carbon Transport see above

FY 2017 Annual Report

Annual Report April 2020

EMMA Official Statement

MTA Investor Information

EMMA page

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

EMMA Official Statement

MTA Investor Information

EMMA page

Transportation Revenue  Green Bonds, Series 2019A February 2019 Revenue Bond USD 454,150,000 USA Low Carbon Transport

 

post issuance verification for 2018B, 2019AB

Annual Report April 2020

EMMA Official Statement

EMMA page

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 see above 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 see above 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 see above 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 see above   EMMA Official Statement

 

Note: Programmatic Issuance - only one pre issuance report required for first bond. All subsequent bonds use that same report.

 

 

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