Green Bond Fact Sheet
Summary
Kilroy Realty LP issued a USD 400 million senior secured green bond on November 29, 2018, to finance the development or refurbishment of properties achieving LEED Gold certification or higher, as well as energy and water efficiency improvements. The company, a REIT operating Class A properties along the US West Coast, committed to annual reporting on proceed allocations verified by an independent assurance company.
Key insights
- Kilroy Realty LP issued a USD 400 million senior secured green bond on November 29, 2018, with a 10-year tenor maturing on December 15, 2028.
- The proceeds from the bond are designated for the development or refurbishment of properties achieving LEED Gold certification or higher. Eligible investments also include sustainable construction materials and improvements in energy and water efficiency, such as LED lighting, smart meters, battery storage, charging stations, and onsite renewable energy systems.
- The issuer has committed to annual reporting on the allocation of proceeds via its website, with the requirement that an independent assurance company provides an assurance report on these allocations.
- Kilroy Realty Corporation is a real estate investment trust (REIT) incorporated on September 13, 1996, focusing on Class A office and mixed-use properties in coastal regions of the US West Coast, specifically Greater Seattle, the San Francisco Bay Area, San Diego County, Orange County, and Los Angeles.
Cite the original document
- APA
- Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Kilroy%20Realty%20LP.pdf
- Chicago
- Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Kilroy%20Realty%20LP.pdf.
- Wikipedia
- {{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=3 December 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Kilroy%20Realty%20LP.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 = dec, url = {https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Kilroy%20Realty%20LP.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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