New York, NY. The Metropolitan Transit Authority (MTA) is offering New Yorkers a way to invest in the City of New York’s transportation system, while at the same time helping to reduce the tri-state area’s carbon footprint. In a two-day order period starting on February 17, 2016, the public had the opportunity to purchase “Green Bonds” from the MTA. Certified by the Climate Bonds Initiative, proceeds from this Green Bonds sale will be used towards environmentally-friendly updates to New York City Transit, the Long Island Rail Road, and the Metro-North Railroad.
Nixon Peabody served as legal counsel to the MTA in this Green Bond Sale. New York City partners Ken Lind and Liz Columbo advised the MTA.