Green Bond Fact Sheet

Washington State University

Date: 23/07/2019

Issue date: 16-07-2019 Maturity date: 01-10-2034 Tenor: 15.2
Issuer Name

Washington StateUniversity

Amount Issued

USD65mCountry of risk

USA

CBI Database

IncludedIssuer Type1

Local Government

Bond TypeUS MuniGreen Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energyperformance☐ 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☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ 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

All of the proceeds of the refunded bonds have been spent. No other third-party certification
will be obtained. The University does not expect to provide any additional disclosure relating
to the “Green Bonds” status of the bonds or the projects.
Washington State University is a public research university in the State of Washington.
Founded in 1890 the institution has multiple campuses in different cities such as Pullman aswell as Vancouver and also offers online programmes. The university covers
undergraduate, graduate and professional degree levels.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters

The bonds were issued to refund and defease a portion of the University’s outstanding
Trust and Building Fee Revenue Bonds. The proceeds will go towards financing particularbuildings in Vancouver and on the Pullman campus which have received LEED Gold andSilver certifications or LEED Silver equivalent building standards. The projects were financedwith proceeds of the refunded bonds and will be refinanced with proceeds of the bonds.
It is great to see green bond issuance from another educational institution and watch thegreen Municipal bond market grow. However, we do encourage post issuance disclosure on
the progress of the projects that are funded with this bond.
Barclays

Deal comments
Credit Rating

Aa3 (Moody’s)

Pricing summary•••

Yield: 2.040%
Coupon: 5.000%
Price: 129.520%

Investors summary

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