Green Bond Fact Sheet

Eidsiva Energi

Date: 26-Mar-2018

Issue date: 05-Oct-2017 Maturity date: 05-Oct-2023 Tenor: 6Issuer Name

Eidsiva Energi

Amount Issued

NOK750m (USD95.4m)

Country of risk

NorwayCBI Database

Included

Issuer Type1

Government-backed

Bond TypeGreen Bond

Green Bond Framework

Link to GB Framework

Second party opinion

CICERO

Certification Standard

N/A

Assurance report

N/A

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☐ 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

Use of Proceeds☐ 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

The issuer will report on proceed allocation and on the added/restored capacity of renewableenergy and related energy savings in its annual Green Bond Investor Letter. Project
information will be verified by the Norwegian Water Resources and Energy Directorate anddisclosed on the issuer’s website.

Norwegian, municipally owned energy company. Its operations involve production,transmission and distribution of renewable energy in Norway, mainly fromhydropower and waste sources. The company also provides broadband services topublic sector, corporate and private customers.

Firsts, records andcertifications
Proceeds description

Renewable energy eligible projects are hydro power and wind power projects andtheir related infrastructure. For energy efficiency, eligible projects include district
heating, connection of renewable energy to transmission networks, transmission anddistribution network upgrades, and smart grids. The issuer states that nuclear andfossil fuel energy generation projects are excluded from the eligible categories.
CICERO awarded the green bond framework a “dark green”.

Climate Bonds view

The bond was placed on Climate Bonds’ Pending list at issue while we obtained
further information on Norwegian hydro power plants. Based on information provided
by CICERO, we have concluded that the deal meets our inclusion criteria.

Underwriters

SEB

Deal comments
Credit Rating
Pricing summary
Investors summary

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