Green Bond Fact Sheet
Sparebanken Vest Boligkreditt AS

Date: 21/07/2020

Issue date: 08-07-2020 Maturity date: 08-07-2027 Tenor: 7Issuer Name

Sparebanken Vest
Boligkreditt AS

Amount Issued

EUR500m/USD556m

Country of risk

NorwayCBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeCovered Bond

Green Bond Framework

Link to Framework

Second party opinion

N/A

Certification Standard

Climate Bonds Standard
Version 2.1 and Low
Carbon Buildings(Residential)

Assurance report

Pre issuance verification

Certification Verifier

Sustainalytics

Green 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
☐ Flood protection☐ 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

Firsts, records andcertifications
Proceeds description

An annual report with details on the allocation of proceeds will be produced annually, until theproceeds are fully allocated. An impact report with indicators such as energy use and emissions
per floor area, will be produced by Multiconsult, a technical environmental consultant.
Sparebanken Vest Boligkreditt is the covered bond issuing subsidiary of Sparebanken Vest,
which is the third biggest savings bank in Norway. It has over 250,000 individual and businesscustomers. It is headquartered in Bergen, in west Norway and was publicly listed in 1995.
This is the 5th mortgage covered bond issuer in Norway to receive Certification.
The proceeds will be used to finance and refinance mortgages linked to residential buildings inNorway which meet the following requirements of the Criteria:•••Climate Bonds view

New or existing apartments that comply with the Norwegian building codes of 2010(TEK10) or 2017 (TEK17)
New or existing other residential dwellings that comply with the Norwegian building codesof 2007 (TEK07), 2010 (TEK10) or 2017 (TEK17)
Existing residential buildings, built before 2009, with EPC-labels A, B or C

Energy efficient buildings are very important in climate action, as they are responsible for a lotof GHG emissions.

Underwriters
Deal comments
Credit Rating

Aaa Moody’s

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