Green Bond Fact Sheet

Xinjiang New Energy (Group) Co., Ltd

Date: 20/06/2019

Issue date:17-Jun-2019 Maturity date: 17-Jun-2022 Tenor: 3Issuer Name

Xinjiang New Energy(Group) Co.,Ltd

Amount Issued

CNY200m/USD28.9m

Country of risk

China

CBI Database

IncludedIssuer Type1

Non-financial
corporate

Bond TypeGreen bondGreen Bond Framework

Link to prospectus

Second party opinion

Lianhe Equator

Certification Standard

N//A

Assurance report

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ Water performance☐ HVAC systems☐ Energy storage/meters☐ Energy performance ☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☒ Waste management☐ Recycling☐ Waste prevention☒ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components ☐Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Use of proceeds and impact reporting will be disclosed semi-annually between August
31 and annually before April 30 on CFETS and NAFMII’s designated websites. According
to the SPO, the issuer will use a third-party verifier to report on the use of proceeds
along with periodic impact reporting.
The company is mainly engaged in investment and operation activities relating to windand solar power generation projects.
As of end of March 2019, the company’s total installed production was 669000 kW.
The Company was formed in 2012 and is based in Xinjiang, China. It is wholly stateowned and funded by the Government of the Xinjiang Autonomous Region.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters

The proceeds of this CNY200m MTN will be used to pay back the loans and interest on
the development of three commercial wind farms and five solar farms that are currently
operational, along with a hazardous waste treatment centre in the Xinjiang Zhungdong
Economic and Technological Development Zone.
It is expected that the nine projects together will avoid more than one million(1,182,900) tonnes of CO2, nearly 50,000 tonnes of coal equivalent, 587.41 tonnes ofsulphur dioxide and 542.23 tons of nitrogen oxides. A detailed breakdown can be foundin the SPO provided by Lianhe Equator.
We consider this bond green because although all proceeds will be used for loan andinterest repayments, the supported projects are all renewable energy and waste control
project(s).
The Industrial Bank of China

Deal comments
Credit Rating

AA (CCXI)

Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign