Green Bond Fact Sheet

California Educational Facilities Authority
Issue date: 07-11-2018 Maturity date: 01-10-2048 Tenor: 30

Date: 20-Nov-2018

Issuer Name

California Educational
Facilities Authority

Amount Issued

USD87mCountry of risk

USA

CBI Database

Included

Issuer 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☒ 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☒ 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
ReportingCompany information

The University commits to report annually on their website on the bond proceeds
allocation. Additionally, the issuer plans to post updates on projects being financed
once and up until all the bond proceeds have been spent.
The University is a non-profit, coeducational, privately endowed university offering
undergraduate liberal arts, as well as professional and graduate education.
University enrolment for the fall term of the 2017- 18 academic year was 9,034 fulltime equivalent students.

Firsts, records andcertifications
Proceeds description

Climate Bonds view
Underwriters

Proceeds are allocated to the construction of approximately 625 newundergraduate housing beds on the Westchester campus. The issuer intends topursue a minimum certification level of LEED Silver for the project. Both project
development and in-use stages have been commissioned with the objective toachieve low-energy and sustainable targets. In addition, instalment of bicycle
facilities and access for green vehicles will facilitate local transportation around thecampus.
This is the second green US muni bond from the education & research sector in2018.
MS

Deal comments
Credit Rating

A2

Pricing summary
Investors summary

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