Green Bond Fact Sheet

Endesa, S.A.

Date: 11-Jan-19

Issue date: 21-Dec-19 Maturity date: N/A Tenor: N/AIssuer Name

Endesa, S.A

Amount Issued

EUR335m (USD382m)

Country of risk

Spain

CBI Database

Included

Issuer Type1

Loan

Bond TypeGreen Loan

Green 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
☐ 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

Endesa is one of the largest electric utility companies in Spain and Portugal, withHQ in Spain. It is a majority-owned subsidiary of Enel groupFirsts, records andcertificationsFirst EIB Green Loan – “Although the EIB has financed a number of projects of thiskind in its long history of combating climate change, this is the first time it has
described a loan in this way”

Proceeds description

The deal will finance the development of 15 wind farms with a capacity of 446MW
and three solar photovoltaic plants with a capacity of 339MW. The loan follows
Endesa being awarded 540MW of wind energy and 339MW of photovoltaic energy
in the auctions for new renewable electricity generation facilities that took place inSpain in May and July 2017, which will involve an investment of over EUR 800m
until 2020.

Climate Bonds view

Given Iberdrola’s established presence in the green bond market, and following
EDP’s inaugural green bond in October 2018 as well as Gas Natural Fenosa’s first inNovember 2017, Endesa’s green loan seems to be part of a shift towards green
financing by Iberian electricity companies. We expect these issuers to continue
accessing green financing, and potentially other similar issuers to do the same.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

1

EIB (as the sole lender)

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