Green Bond Fact Sheet

Consorcio Transmantaro S.A.

Date: 20/06/2019

Issue date: 16-04-2019 Maturity date: 16-04-2034 Tenor: 15
Issuer Name

Consorcio
Transmantaro S.A.

Amount Issued

USD400m

Country of risk

Peru

CBI Database

Included

Issuer Type1

Non-financial
corporate

Bond TypeSr unsecured

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

GB2 (Moody’s)
E2/62 (S&P)

Use of Proceeds☒ 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 emissionvehicles☐ 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
☐ 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☐ 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

Until full allocation of the net proceeds from the offering, the issuer will prepare anAnnual Green Bond Report which will provide details of (i) the amount of net proceeds
allocated to the green projects, (ii) project descriptions (iii) expected impact metrics, ifavailable, (iv) the amount of net proceeds not yet allocated and (v) management
expectations as to future allocations. These Green Bond Reports will be accompanied bya report from an independent accountant.

Company information

Consorcio Transmantaro (CTM) is engaged in the construction, operation, andmaintenance of power transmission systems in Peru. The CTM Transmission Network
has a total length of 4,261km of power transmission line circuits, 21 substations, thecapacity to transmit 500, 220 and 138 kV and a transformation capacity of 6,993 MVA(with a reserve of 2,003 MVA). The company is also constructing an additional 841.8kmof power transmission line circuits with a capacity to transmit 500 kV and 220 kV,which are expected to become fully operational by November 2021.

Firsts, records andcertificationsFirst non-financial corporate issuance from Peru in 2019. It is also the first to
specifically finance energy transmission projects in Peru.

Proceeds description

CTM's eligible green projects include projects and expenditures that relate to (i)installation of electricity transmission lines to facilitate the connection of renewableenergy sources to the general network, and/or (ii) energy efficiency improvements totransmission infrastructure including smart grid projects, smart sensors, andautomation systems.
Most proceeds will be used to refinance existing bank debt (utilized to finance several
projects currently in operation), with the remainder used to finance two projects
currently under construction. Two projects in operation (Planice Industriales andSubestación Orcotuna), previously financed, are not considered green and do not form
part of the eligible projects (confirmed directly with issuer).

Climate Bonds view

The energy transition requires not only generation from renewable sources, but also
the ability to transmit and distribute energy efficiently. We welcome this deal from anissuer that is committed to increasing the share of renewable energy usage in Peru andthe first green bond from the country to finance energy transmission projects.
It is also good to see LatAm issuance pick up after a disappointing 2018. Peru’s green
bond market also seems to be growing, with three of the four bonds issued to datehaving come to market in the last 9 months. So far, the country has no repeat issuers,
but we hope this will change.

Underwriters

JPM, BAML

Deal comments
Credit Rating
Pricing summary
Investors summary

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