Green Bond Fact Sheet

The Dormitory Authority of the State of New York issued a USD 121.4 million green bond on September 19, 2019, to finance the construction of Cornell University's north campus, with a focus on buildings expected to achieve LEED Silver or Gold certifications.

• On September 19, 2019, the Dormitory Authority of the State of New York issued a green bond totaling USD 121.4 million with a maturity date of July 1, 2036, and a tenor of 16.8 years.
• The proceeds from the bond are designated for the construction of Cornell University's north campus, including infrastructure and buildings. These buildings are intended to support the university's climate action plan and are expected to reach LEED Gold or Silver certifications.
• Cornell University, the ultimate borrower of the funds, has committed to providing voluntary annual updates on the use of proceeds until they are fully spent and plans to publish LEED certification information for the buildings on its website.
• The bond is categorized as a US Muni issued by a government-backed entity, carrying an S&P credit rating of AA, a coupon of 5.000%, and a yield of 1.920%.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-09%20US%20Dormitory%20Authority%20Of%20The%20State%20Of%20New%20York%C2%A0.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-09%20US%20Dormitory%20Authority%20Of%20The%20State%20Of%20New%20York%C2%A0.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=23 September 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-09%20US%20Dormitory%20Authority%20Of%20The%20State%20Of%20New%20York%C2%A0.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = sep, url = {https://www.climatebonds.net/files/drupal-files/files/2019-09%20US%20Dormitory%20Authority%20Of%20The%20State%20Of%20New%20York%C2%A0.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }