Green Bond Fact Sheet

City and County of San Francisco

Date: 12-Mar-2019

Issue date: 26-02-2019 Maturity date: 01-09-2049 Tenor: 30Issuer NameCity and County of San Amount Issued
Francisco

USD157.3m

Country of risk

USA

CBI Database

Included

Issuer Type1

Local government

Bond TypeUS MuniGreen Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Climate Bonds
Standard V2.1 – Low
Carbon Land
Transport

Assurance report

Climate Bonds Standard
pre-issuance verification
statement

Certification Verifier

Sustainalytics

Green 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 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

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

There will be a post issuance verification as part of the Climate Bonds Certification,
as well as annual updates on the EMMA website, and an annual report available on
the issuer’s website for bondholders.
The issuer is the government of the City and County of San Francisco.
In September 2018 the government of San Francisco hosted the Global Climate
Action Summit (GCAS), where the Global Green Bond Partnership (GGBP),
composed of founding members including World Bank, IFC, EIB, Climate Bonds
Initiative, Ceres, ICLEI, GCoM and LEDS GP, was launched.
GGBP will support efforts of sub-national entities and financial institutions toaccelerate the issuance of green bonds. San Francisco was one of the inauguralissuer signatories of the Green Bond Pledge, committing to establishing a green
bond strategy to finance infrastructure and capital projects, supporting climate
resilience and the reduction of greenhouse gas emissions.

Firsts, records andcertifications

This is the second Certified Climate Bond from this Issuer. The first issuance, worth
USD 171 million, was issued in November 2017. San Francisco was the third city in
the US to issue a Certified Climate Bond.

Proceeds description

The proceeds of this bond are related to the development of the Salesforce Transit
Center, which is intended to significantly improve the public transport system forresidents and commuters in San Francisco.
Specifically, the proceeds will be allocated towards financing the construction of
the “Train Box”, which will enable the extension of the electrified Caltrain
commuter rail network to downtown San Francisco.

Climate Bonds view
Underwriters

Stifel is the senior managing underwriter, with RBC Capital Markets, LLC andSiebert Cisneros Shank & Co., LLC serving as co-managers.

Deal comments
Credit Rating
Pricing summary
Investors summary

AA+ (Fitch)1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign