Public market borrowing programmes

Investment in Transport for London can be made through either of our two public market borrowing programmes:

  • A £5bn Medium Term Note (MTN)
  • A £2bn Commercial Paper (CP)

Download documents related to the MTN and CP programmes.

 

Green Financing

We have a key role in shaping what life is like in London. We are committed to creating a fairer, greener, healthier and more prosperous city. The Mayor's Transport Strategy sets a target for 80 per cent of all journeys to be made on foot, by cycle or using public transport by 2041. By improving and expanding public transport, we can make people's lives easier and increase the appeal of sustainable travel.

We issued our debut sterling Green Bond in April 2015 to contribute to the financing of five eligible green project categories, as detailed in our 2015 Green Bond framework. DNV GL Business Assurance Services Limited (DNV GL) provided a second party opinion of the 2015 Green Bond framework, including an assessment of the alignment with the Green Bond principles and a review of the environmental benefits of the eligible green project categories.

DNV GL Business Assurance Services Limited (DNV GL) has been commissioned to provide a second party opinion of the Green Bond framework, to include an assessment of the alignment of it with the Green Bond principles and to review the environmental benefits of the five eligible green project categories.

The TfL Health, Safety and Environment report, as well as the management assertion on the use of proceeds, is published on an annual basis. As of 31 March 2019 there have been no changes to the allocation of the proceeds from TfL 2.125% Notes Due 24 April 2025 since 31 March 2016, as reported in the management assertion below.

Find out what we're doing to improve London's air quality.