Green Bond Fact SheetSan Diego County Regional Transportation Commission

Date: 19/02/2020

Issue date: 19-02-2020 Maturity date: 01-04-2048 Tenor: 28.1
Issuer NameSan Diego County
RegionalTransportation
Commission

Amount Issued

USD75mCountry of risk

USA

CBI Database

Included

Issuer Type1

Government-Backed
EntityBond TypeUS MuniGreen Bond Framework

Link to Framework

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☒ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Until fully expended on the project (Regional Bikeway EAP), there will be annual reporting
available on the Electronic Municipal Market Access website and in the annual report. Afterthat there will be no further disclosure. The disclosure is voluntarily.
San Diego County Regional Transportation Commission is based in the county of San Diegoin the state of California. It is responsible for providing improvements to the transportation
system and other public infrastructure systems.

Firsts, records andcertifications
Proceeds description

The proceeds will go towards the Regional Bike Plan Early Action Program which comprises
40 projects with a total of around 77 miles of new bikeways. The project aims to enhanceneighbourhood connections to schools, shopping centres and parks, as well as transit
stations and other major regional destinations. Many of the projects include bikeways thatare physically separated from vehicle traffic. The bikeways are also intended to makewalking safer and more comfortable where possible.

Climate Bonds view

This is the first project of its kind funded by a green bond in the state of California.
Transportation plays an important role in cutting emissions and encouraging cycling andwalking in cities – especially in states like California that suffer from a relative lack of public
transport options and congestion as a result of reliance on personal cars – is a part of that.
We hope this prompts more cities and local governments to encourage and facilitate
cycling and support bicycle infrastructure.

Underwriters
Deal comments
Credit Rating

AAA (S&P)
AAA (Fitch)

Pricing summary•••

Yield: 1.950%
Coupon: 4.000%
Price: 118.737%

Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign