Green Bond Fact SheetCPI Property Group

Date: 31/10/2019

Issue date: 28-10-2019 Maturity date: 23-04-2027 Tenor: 7.5
Issuer NameCPI Property Group

Amount Issued

EUR750m/USD831m

Country of risk

Luxembourg

CBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond TypeSr unsecured

Green Bond Framework

Link to Framework

Second party opinion

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☒ 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☐ 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
ReportingIssuer information

CPI Property Group will publish an allocation report annually on their website until proceeds are
fully allocated. This will include the allocation of the net proceeds as well as information such aseligible projects financed, unallocated proceeds, remaining balance and buildings’ status.
There will also be an impact report where feasible with different metrics for each category suchas level of certification by property or annual GHG emissions reduced/avoided. Additional
metrics may be available in the annual report that covers indicators per EPRA guidelines.
CPI Property is a leading long-term investor in income-generating real estate primarily in theCzech Republic, Berlin and the CEE region. It is headquartered in Luxembourg. CPI Property
owns and operates a real estate portfolio mainly in the office and retail space but also has
hotels, residential, industrial, agricultural and logistics properties amongst others.

Firsts, records andcertificationsProceeds description

The proceeds will go towards financing or refinancing one of the following categories:••••

Green Buildings: acquisition, construction or refurbishment of buildings withstandards such as BREEAM Very Good or higher and LEED Gold or higher
Energy Efficiency (Buildings): new or existing commercial buildings that belong to thetop 15% of energy efficient buildings in the local market as well as renovation andrefurbishment of existing buildings to reduce carbon emissions intensity by aminimum of 30% or two letter grade improvements
Renewable Energy: installation of PV solar and support infrastructure for it
Environmentally sustainable management of living natural resources and land use:
promotion of ecological value, biodiversity and organic agriculture amongst others theinstallation of green roof gardens

Climate Bonds viewAs the fourth issuer from Luxembourg coming to the market, this is the largest bond issued so
far by a Luxembourg company and the first to indicate intentions to finance projects in theLand Use space. We do encourage issuers to obtain an external review.

Underwriters

Barclays, Deutsche Bank, HSBC, Raiffeisen, Societe GeneraleDeal comments
Credit Rating

Baa2(Moody’s)
BBB (S&P)

Pricing summary•••

Coupon: 1.625%
Reoffer: 98.122% (+205bps vs mid swaps)
Reoffer Yield: 1.897%

Investors summary

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