California Green Muni Bonds Top $5 Billion

More 2017 Issuance Than All Prior Years Combined

2017 is a record year for California green bond issuances by government agencies.  And, the year isn't over yet.  In 2017:

• More green muni bonds have been issued than all prior years combined. 
• There have been nearly $3 billion in bonds issued this year, compared to about $2 billion from 2013 through 2016 combined.
• More and more issuers are entering the marketplace.  The City of Long Beach, Los Angeles Metropolitan Transit Authority and the Fremont Union High School District are among the newest issuers.
• The state of California, through the Treasurer's Office, IBank, Pollution Control Financing Authority and Health Facilities Financing Authority is the largest green muni bond issuer

State Treasurer John Chiang is looking into ways to expand the green bond market further.  He has partnered with the Milken Institute and Environmental Finance to hold a symposium February 27-28, 2018 at the Milken Institute in Santa Monica. More information on Treasurer Chiang's green bond efforts can be found at Treasurer Chiang Green Bond Symposium.

Below is a summary of all California green muni bond issuances to date. (note:  slight correction to chart made 11/28/2017)

California Green Muni Bond Issuances
Issuer	Date*	Amount	General Purposes
State of California	10/7/2014	$300,000,000	Mass Transit, Clean Water, Energy Efficiency
San Francisco Public Utilities Commission	5/20/2015	$32,025,000	Renewable Energy
City of Los Angeles	6/4/2015	$188,755,000	Wastewater, Digester, Water Purification
East Bay Municipal Utility District	6/17/2015	$74,335,000	Clean Drinking Water, Conservation, Flood Protection, Renewable Energy, Biodiversity
City of Los Angeles	6/30/2015	$100,835,000	Wastewater, Water Purification, Digester
San Diego Unified School District	1/5/2016	$100,000,000	Energy Efficient Buildings, Renewable Energy
IBank	4/28/2016	$410,735,000	Clean Water, Water Pollution Control
San Francisco Public Utilities Commission	5/24/2016	$240,580,000	Clean water, wastewater
San Diego County Water Authority	6/23/2016	$98,945,000	Water Efficiency
Midpeninsula Open Space District	9/22/2016	$57,410,000	Open Space Acquisition, related
Port of Los Angeles	10/13/2016	$35,205,000	Open space, habitat, green building
City of Napa	10/20/2016	$12,500,000	Recycling and materials recovery facility
Los Angeles County Sanitation District	11/16/2016	$170,265,000	Reclaimed water projects, sewage system Improvements
San Francisco Public Utilities Commission	12/14/2016	$259,350,000	Clean water projects (Climate Bond Certified)
IBank	3/23/2017	$450,000,000	Clean Water, Water Pollution Control
California Health Facilities Financing Authority	5/3/2017	$408,390,000	for Kaiser Hospital** System green buildings
City of Los Angeles (Taxable and tax-exempt)	5/24/2017	$450,150,000	Sewage system upgrades
Bay Area Reapid Transit (BART) (taxable and tax-exempt)	6/1/2017	$384,735,000	Rapid Transit (Climate Bond Certified)
California Pollution Control Financing Authority	6/14/2017	$228,165,000	for CalAg manufacturing rice-straw to fiberboard plant
East Bay Municipal Utility District	6/22/2017	$185,355,000	Water quality, recliamed water, environmental enhancements
City of Long Beach	6/28/2017	$25,985,000	Enviornmental improvements at port of Long Beach
Fremont Union High School District	7/11/2017	$31,170,000	Green buildings
Santa Monica Public Financing Authority	9/14/2017	$68,565,000	Green buildings
Los Angeles Metropolitan Transportation Authority	10/31/2017	$471,395,000	Mass Transit (Climate Bond Certified)
San Diego Unified School District	11/1/17	$59,000,000	Green buildings
Trinity Public Utilities District	11/1/17	$20,835,000	Hydroelectric Project (some taxable)
City & County of San Francisco	11/9/17	$171,405,000	TransBay Transit Center (Taxable; Climate Bond Certified)
2014 Subtotal		$300,000,000
2015 Subtotal		$395,950,000
2016 Subtotal		$1,384,990,000
2017 Subtotal to date		$2,955,150,000
			* Dated per MSRB
			** companion taxable non-muni green bond for $575 million also issued)
Total All Issuances		$5,036,090,000	(prepared/updated by Michael Paparian Nov 28, 2017)