Green Bond Fact Sheet
Westpac Banking Corp

Date: 28-Feb-2018

Issue date: 28-Feb-2018 Maturity date: 28-Feb-2023 Tenor: 5Issuer Name

Westpac Banking Corp

Amount Issued

AUD117.3m (USD91m)

Country of risk

Australia

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypePrivate Placement

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Low Carbon Transport, Low
Carbon Buildings, Wind, Solar

Assurance report

N/A

Certification Verifier

EY

Green bond rating

N/A

Use of Proceeds☒ 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☐ HVAC systems☐ Energy performance☐ Water performance☐ Energy storage/meters☐ 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☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ 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
Reporting

Annual reporting on proceeds allocation will be available on the company’s website.

Company information

Westpac is an Australian bank and financial-services provider headquartered inSydney. It is one of Australia's 'big four' banks. Westpac serves around 13 million
customers.

Firsts, records andcertificationsFirst Australian major bank to issue a Certified Climate Bond to Japanese retailinvestors (Uridashi bond).

Proceeds description

In 2017, Westpac identified a large portfolio of eligible Projects and Assets that would
cover multiple issuances under the following Sector Criteria: Low Carbon Transport,Low Carbon Buildings, Solar and Wind.
Westpac's portfolio was verified by EY and is eligible under Programmatic Certification
under the Climate Bonds Standard.
For this bond, the issuer states that proceeds will be allocated to renewable energy
projects, low carbon commercial property and rail transport.

Climate Bonds view

Australian bank Westpac issued its first Certified Climate Bond in 2016 and is eligible
for Programmatic Certification under the Climate Bonds Standard.

Underwriters

SMBC

Deal comments
Credit Rating
Pricing summary
Investors summary

1

The bond was well received by Japanese retail investors.

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