Green Bond Fact Sheet

Dormitory Authority of the State of New York

Date: 16/12/2019

Issue date: 26-11-2019 Maturity date: 01-10-2044 Tenor: 30.6
Issuer Name

Dormitory Authority ofthe State of New York

Amount Issued

USD73mCountry of risk

USA

CBI Database

Included

Issuer Type1

Government-Backed
EntityBond TypeUS MuniGreen Bond Framework

N/A

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☐ Energy performance☐ Water performance☐ Energy storage/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☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ 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
ReportingIssuer information

Upon receipt the LEED certification will be disclosed within 180 days. There will be no further
reporting.
The purpose of the Dormitory Authority of the State of New York is to finance and constructdifferent public-purpose facilities. These are usually educational, healthcare, governmental andnot-for profit institutions.

Firsts, records andcertifications
Proceeds description

The proceeds of the instrument will go towards three buildings: a laboratory building including
privately accessible landscaped green space on its roof, a conference and meeting pavilion as
well as a new privately accessible landscaped area. These buildings are aimed to receive LEEDGold or Silver certifications.

Climate Bonds view

The state with the largest US Muni volume is adding another issuer with the Dormitory
Authority of the State of New York issuing in the second most frequent category: lowcarbon buildings. This takes overall New York Muni issuance to USD9.9bn. We hope thiswill encourage more municipalities to finance low-carbon building projects.

Underwriters

Bank of America Merrill Lynch

Deal comments
Credit Rating

AA (S&P)

Pricing summary•Coupon: 5.000%

Investors summary

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