Green Bond Fact Sheet

This fact sheet details a USD 300 million green bond issued by Piedmont Operating Partnership on August 12, 2020, with a maturity date of August 15, 2030. The proceeds are primarily intended for the February 2020 acquisition of the LEED Certified Galleria Office Towers, costing USD 396.2 million.

• Piedmont Operating Partnership issued a USD 300 million senior unsecured green bond on August 12, 2020, with a 10-year tenor maturing on August 15, 2030.
• The issuer intends to use the bond proceeds to fund the February 2020 acquisition of the Galleria Office Towers, which cost USD 396.2 million and has achieved LEED Certification.
• Eligible green categories for the issuer include renewable energy (such as solar panel installations and storage systems), green buildings with LEED or BREEAM certification, energy efficiency (including LED, smart meters, and HVAC systems), and sustainable water and wastewater management.
• The bond has a credit rating of BBB from S&P and Baa2 from Moody’s, with a coupon of 3.15% and a yield of 3.24%.
• Until the funds are fully allocated, the company will provide annual website updates regarding allocation, expected or achieved LEED or BREEAM certification levels, and relevant impact metrics where feasible.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2020-08_US_Piedmont_Operating_Partnership.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2020-08_US_Piedmont_Operating_Partnership.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=28 August 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2020-08_US_Piedmont_Operating_Partnership.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 = aug, url = {https://www.climatebonds.net/files/drupal-files/files/2020-08_US_Piedmont_Operating_Partnership.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }