City of Bloomington

Date:28-Nov-2018

Issue date: 05-Dec-2018 Maturity date: 01-Feb-2034 Tenor: 16
Issuer NameCity of Bloomington

Amount Issued

USD10.8m

Country of risk

USA

CBI Database

IncludedIssuer Type1

Local government

Bond TypeUS MUNI

Green 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☒ Wastewatertreatment☐ Water storage☒ Storm water mgmt
☐ 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☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilienceUse of Proceeds☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

City of Bloomington commits to report on the allocation of proceeds and on relevant
sustainability metrics annually, up to the full allocation of proceeds (which they
forecast to happen within two years from issuance).
As per 2016, the City of Bloomington counted less than a hundred thousand
inhabitants. In 2017 it embarked in a ten-year capital improvement plan that
focuses on renovating parking facilities, providing alternative surface
transportation and upgrading surface and water facilities. Out of the USD507.6m
forecasted for this plan, USD90m are allocated to the water category.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters

According to the prospectus, proceeds will be allocated to the Penn American
Linear Storm Water Storage Project. The project provides flood protection, helps tofacilitate redevelopment of infrastructure and provides water quality benefits toareas that are receiving storm water runoff.
This is the second green US muni bond from a Minnesota issuer in short order fromthe City of Minneapolis’ October deal. The deal is a welcome step that highlights
the City’s commitment to enhancing its resiliency to floods as part of its ten-year
capital improvement plan.
PNC Capital Markets

Deal comments
Credit Rating

Aaa (Moody’s), AAA (S&P)

Pricing summary
Investors summary

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