Green Bond Fact Sheet

This fact sheet from the Climate Bonds Initiative details a USD 400 million green bond issued by the Sacramento Municipal Utility District (SMUD) on May 7, 2020, with a maturity date of August 15, 2050.

• The Sacramento Municipal Utility District (SMUD) issued a green bond totaling USD 400 million on May 7, 2020, with a 30.3-year tenor and a maturity date of August 15, 2050. The bond carries a credit rating of AA from both S&P and Fitch, with a coupon of 5.000% and a yield of 2.530%.
• Approximately USD 33 million of the proceeds will be used to reimburse SMUD for previous expenditures on specific green projects. These include the renovation of its historic headquarters, improvements to two hydroelectric powerhouses within the Upper American River Project, and the construction of transmission infrastructure to support a solar PV project located at the closed Rancho Seco Nuclear Generating Station.
• SMUD is a community-owned, not-for-profit electric service that ranks as the 6th largest community-owned electric utility in the United States. The organization maintains a sustainability strategy and produces an annual sustainability report that tracks greenhouse gas (GHG) emissions, water, energy, and natural gas usage, aiming for a 40% reduction in GHG emissions.
• The Climate Bonds Initiative notes that the issuer's level of transparency regarding specific project financing and the use of a Second Party Opinion (SPO) from Kestrel Verifiers is uncommon and highly encouraged for US Municipal bonds.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2020-05_US_Sacramento_Municipal_Utility_District.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2020-05_US_Sacramento_Municipal_Utility_District.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=21 May 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2020-05_US_Sacramento_Municipal_Utility_District.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2020}, month = may, url = {https://www.climatebonds.net/files/drupal-files/files/2020-05_US_Sacramento_Municipal_Utility_District.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }