Green Bond Fact Sheet

Park City (Utah) issued a USD76m US Muni green bond on June 16, 2020, to fund water infrastructure improvements, including a new water treatment plant designed for net zero energy. The issuance is noted as the largest of its kind from the state of Utah, with a credit rating of AA (S&P) and a maturity date of December 15, 2039.

• Park City (Utah) issued a USD76m US Muni green bond on 16-06-2020 with a tenor of 19.5 years and a credit rating of AA from S&P.
• The proceeds of the bond are designated for water and wastewater projects, specifically for public works facilities improvements, the purchase of water rights, and the refunding of prior bonds used for drinking water system capital improvements.
• A primary component of the funding is a new water treatment plant designed to align with the net zero energy goals of Park City, replacing an outdated facility.
• The Climate Bonds Initiative identifies this as the largest US Muni issuance from the state of Utah to date and notes expected outcomes including improved drinking water supply reliability, improved environmental water quality, and reduced energy use via a zero-net energy facility.
• Park City will provide annual disclosures via the Electronic Municipal Market Access system of the Municipal Securities Rulemaking Board, and will report any material developments.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2020-06_US_Park_City_%28Utah%29.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2020-06_US_Park_City_%28Utah%29.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=16 June 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2020-06_US_Park_City_%28Utah%29.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 = jun, url = {https://www.climatebonds.net/files/drupal-files/files/2020-06_US_Park_City_%28Utah%29.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }