Green Bond Fact Sheet

The California Educational Facilities Authority issued a USD 87 million green municipal bond on November 7, 2018, to fund the construction of approximately 625 new undergraduate housing beds on the Westchester campus, targeting a minimum LEED Silver certification.

• On November 7, 2018, the California Educational Facilities Authority issued a US municipal green bond totaling USD 87 million with a maturity date of October 1, 2048 and a tenor of 30 years. The bond carries a credit rating of A2.
• The bond proceeds are dedicated to constructing approximately 625 new undergraduate housing beds on the Westchester campus. The project aims for a minimum LEED Silver certification and focuses on low-energy and sustainable targets for both development and in-use stages. Additionally, the project includes the installation of bicycle facilities and access for green vehicles to support local campus transportation.
• The issuer, described as a non-profit, coeducational, privately endowed university with 9,034 full-time equivalent students in the 2017-18 fall term, commits to annual reporting on bond proceeds allocation via its website. The issuer also plans to provide project updates until all proceeds are spent.

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20California%C2%A0Educational%20Facilities%C2%A0Authority.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20California%C2%A0Educational%20Facilities%C2%A0Authority.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=20 November 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20California%C2%A0Educational%20Facilities%C2%A0Authority.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = nov, url = {https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20California%C2%A0Educational%20Facilities%C2%A0Authority.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }