Green Bond Fact Sheet

Guangzhou Metro Group Co.,Ltd.

Date: 16/05/2019

Issue date: 24-01-2019 Maturity date: 21-01-2024 Tenor: 5Issuer Name

Guangzhou Metro GroupCo.,Ltd.

Amount Issued

CNY3bn/USD441.6m

Country of risk

China

CBI Database

IncludedIssuer Type1ABS

Bond Type

Chinese ABS

Green Bond Framework

Prospectus

Second party opinion

The iGreenBank

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☐ 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
ReportingCompany information

The issuer has appointed the iGreenBank to provide a Second Party Opinion. The use ofproceeds and associated environmental benefits will be disclosed before 30th April
annually on websites approved by the National Association of Financial Market
Institutional Investors (NAFMII).
Guangzhou Metro Group Co., Ltd is mainly engaged in the construction and operationof rail transit projects. It was formed in 1997 and is based in Guangzhou Province, China.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters

This deal is made up of 6 tranches, totalling CNY3bn, of which CNY1.5bn will be spread
across 6 rail transit projects (subway construction work). The rest CNY1.5bn will be sue
to repay of bank loans and to supplement general working capital. This deal is secured
on subway ticket revenue receivables. The green bond framework indicates that green
buildings that received China’s local 2-Star Green Building Certification is also eligible.
Although 50% of the proceeds will be used for working capital and to repay bank loans,the deal is included in CBI’s database as by CBI’s definition an ABS can be defined as“green” when the underlying cash flows relate to low-carbon assets or where theproceeds from the deal are earmarked to invest in low-carbon assets. By China’sdefinition, up to 30% of the fund raised of a green ABS can be used for non-green
purposes as long as at least 50% revenue of the originator comes from green sectors.
Industrial Bank, CMB

Deal comments

Credit Rating

AAA (CCXI)

Pricing summary
Investors summary

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