Standard

The Climate Bonds Standard and Certification Scheme is a FairTrade-like labelling scheme for bonds. Rigorous scientific criteria ensure that it is consistent with the 2 degrees Celsius warming limit in the Paris Agreement. 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 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

Sustainalytics pre Issuance Verification Report Annual Report

MTA Investor Information

EMMA page

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

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 Annual Report

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 Annual Report

MTA Investor Information

EMMA page

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

MTA Investor Information

EMMA page

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

MTA Investor Information

EMMA page

Transportation Revenue Refunding Green Bonds, Series 2017C December 2017 Revenue Bond USD 2.17Bn USA Low Carbon Transport see above  

MTA Investor Information

EMMA page

 

Note: Programmatic Issuance - only one pre issuance report required for first bond

 

 

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