BART plans to issue 2022 general obligation green bonds

BART is preparing to offer its Series 2022 issuance of Green Bonds, certified by the Climate Bonds Initiative (CBI). BART plans to hold an order period exclusively for individual investors on May 10, 2022, with priority granted to BART District residents. The Series 2022 Green Bonds are General Obligation Bonds secured by ad valorem property taxes collected in the three-county BART District (Alameda County, Contra Costa County, and the City and County of San Francisco).

This is not an offer to sell bonds or a solicitation of an offer to buy bonds. Investors must have access to the Official Statement for the bonds and have access to a brokerage account in order to purchase the bonds.

The estimated $700 million of proceeds expected from the sale of these Green Bonds will be a significant investment in climate-friendly mass transportation for the Bay Area, funding continuing work on improving BART’s core infrastructure including track replacement, tunnel repair, station improvements and train control system upgrades to allow more safe, reliable and frequent service per Measure RR for the BART System Renewal Program as well as refinancing prior projects completed per Measure AA for the Earthquake Safety Program.

The bond issue meets the criteria established by the CBI relating to reporting and transparency, and will pay for projects that provide low-carbon transportation alternatives to Bay Area residents and reduce the impacts of climate change.

How to purchase BART bonds

Step 1 – You must have an account with one of the brokerage firms participating in the bond sale listed below. Bonds cannot be purchased directly from BART. If you do not have an account at one of the participating firms, you may open one and purchase. (If you have a brokerage account, go to Step 2.)

Step 2 - BART Green Bonds are offered exclusively through an Official Statement. Using the hyperlink below, download and read the Preliminary Official Statement to learn about the bonds, including their security, maturity dates, the types of projects that are financed and other information you may find important to help make an informed investment decision. Neither this notice nor the Official Statement is an offer to sell any bonds.

 Step 3 - Contact the brokerage firm with whom you have an account to get more information about how to buy bonds.

Preliminary Offering Statement

Online Investor Presentation

Moody's Credit Report - BART

Fitch Credit Report- BART

 Contact Information for Participating Bond Underwriting Firms