Green Bond Fact SheetSan Diego County Water Authority

Date: 28/07/2020

Issue date: 22-07-2020 Maturity date: 01-05-2034 Tenor: 13.8
Issuer name

San Diego County
Water Authority

Amount issued

USD283m

Country of risk

USA

CBI Database

Included

Issuer type1

Government-Backed
EntityBond type

US 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☐ 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
☐ 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

The bond refinances previous projects that have been completed. No further reporting on
the status of the green projects is anticipated.
San Diego County Water Authority was organised in 1944 with the purpose to supply water
to San Diego County for wholesale distribution to the member agencies. The authority isauthorized to acquire water and water rights within or outside California; to develop, store
and transport such water; to provide, sell and deliver water for beneficial uses andpurposes and to provide, sell and deliver water not needed or required for beneficial
purposes of its member agencies to areas outside the boundaries of the authority.

Firsts, records andcertifications
Proceeds description

The bonds that are being refinanced funded the following projects:-emergency storage projects
relocation of the Bradley Park Pipeline and relocation of Vallecitos-9 Flow Control
Facility to reduce their respective proximities to a landfill
expansion of the Helix Water District Levy Water Treatment Plant
distribution infrastructure improvements including improvements to the Miramar
Pump station
Moreno Lakeside Pipeline and FCF
Rancho Penasquitos Pressure Control/ Hydroelectric Facility
Vallecitos-10 FCF
other system modifications to upgrade, modify and improve the aqueduct system
Development of Twin Oaks Valley Diversion Structure and the Mission Trails FRS
for storage

Climate Bonds view
Underwriters

BoFA

Deal comments
Credit rating

AAA (S&P)
AA+ (Fitch)

Pricing summary•••

Yield: 1.951 %Coupon: 1.951 %Price: 100%

Investors summary

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