Green Bond Fact Sheet
Transbay Joint Powers Authority

Date: 28/6/20

Issue date: 25-06-20 Maturity date: up to 01-10-2049 Tenor: up to 29
Issuer NameTransbay Joint PowersAuthority

Amount Issued

USD271m

Country of risk

United States

CBI Database

IncludedIssuer Type1

Local Government

Bond TypeUS muni Senior andSubordinate Tax Allocation
Bonds

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Climate Bonds Standard
v2.1, including sectorCriteria for:

Assurance report

Pre issuance verification

Sustainalytics

Green bond rating

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

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energy performance☐ Water performance☐ Energystorage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☐ Electric vehicles☐ Low emission vehicles☐ 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☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience• Low Carbon Transport
Certification Verifier
Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energycapture☐ Energy performance☐ Infrastructure☐ Industry: components ☐Adaptation & resilience☐ Land use &agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☐ Energy/waterefficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

The issuer will report annually and publicly on the allocation of proceeds, through the EMMA
reporting framework.

Company information

The TJPA is a joint exercise of powers authority created by the City and County of San Francisco,
the Alameda-Contra Costa Transit District, the Peninsula Corridor Joint Powers Board, theCalifornia High Speed Rail Authority, and Caltrans (ex officio). It was created specifically tooversee the development of the new center.

Firsts, records andcertifications

This is the second issuer of the local authority consortium to issue a Certification on the sameasset.

Proceeds description

The proceeds will be used to refinance the issuer’s expenditure on the development of theTransbay Transit Center, which is a new landmark transport development, that will serve as apublic transport hub in downtown San Francisco. It replaces the older Transbay Terminal. Phase
1 of the new Center opened to the public in 2018.
When the second phase is fully completed, it would form the downtown terminus of theCaltrain, a fully electric commuter rail that currently stops about a mile away.

Climate Bonds view

Financing improved and efficient low carbon public transport is essential to delivering a low
carbon transition.

Underwriters

Citigroup and others

Deal comments
Credit RatingA- (Fitch)

Pricing summary•••

Yield: 2.750%
Coupon: 5.000%
Price: 119.152%

Investors summary

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