SMW Assists with $271 Million Green Bond Issuance to Support Transit Center Construction
June 1, 2020In 2020, the firm assisted the Transbay Joint Powers Authority (TJPA) in its first bond issuance. The public agency sold $271 million in Green Bonds/Climate Bonds, certified based on the environmentally sustainable elements of the multi-modal Transbay Program. Proceeds from the bonds sale were used to refinance a federal loan and generate new money for the design and construction of the transit center and the extension of rail into downtown San Francisco. The public agency will reap interest rate savings over the life of the bonds in excess of $25 million.