Green Bond Fact Sheet

SwisscomDate: 29/05/2020

Issue date: 14-05-2020 Maturity date: 14-11-2028 Tenor: 8.5
Issuer name

Swisscom

Amount issued

EUR500m/USD556m

Country of risk

Netherlands

CBI Database

Included

Issuer type1

Government-Backed
EntityBond typeSr Unsecured

Green bond framework

N/A

Second party opinion

Sustainalytics

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
☐ 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
Reporting

Until full allocation there will be an annual allocation report on the website. This includes:- the total amount of investments and expenditures- the share of financing vs refinancing- balance of unallocated proceeds (if any)
Where feasible, Swisscom will report on the environmental impact or refer to existingsustainability reporting. This reporting will be annually on a project portfolio basis. Amongstothers, the following indicators might be reported:- Energy efficiency: annual direct energy savings (in MWh), increase of efficiency (%) againstbase year (2013), annual GHG emissions scope 1 and 2 (in tons CO²eq), GHG intensity (tonsCO²eq / denominator)- Renewable energy: annual additional energy capacity (kW), annual GHG emissions avoided(tons of CO²eq)- Clean transportation: number of vehicles and energy efficiency categories of the fleet (A, B,…), GHG emissions scope 1 mobility (tons of CO²eq per year)

Company information

Swisscom Group is a Swiss telecommunications provider mainly owned by the Swissgovernment holding major shares of the mobile, broadband and television market in
Switzerland. It is headquartered in Worblaufen.

Firsts, records andcertifications
Proceeds description

There will be three eligible project categories:- Energy Efficiency: network development, network operations, Internet of Things
networks, products and solutions, as well as energy efficiency improvements withinbuildings- Renewable Energy: installation of off-grid energy solutions, including solar panel
installation or biomass heating (any potential financing of biomass operations must comply
with the criteria outlined in the EU Taxonomy)- Clean Transportation: reducing the carbon footprint of the company’s fleet (replacing
diesel cars with electric vehicles; introducing tools and technology to optimize route
management of field services)

Climate Bonds view

In early May 2020, Swisscom became the sixth organisation in the Communicationsindustry sector to issue a green bond. Swisscom managed to accumulate EUR5bn worth ofinterest in the bond, translating into a book that was ten times covered. It is clear thatinvestor confidence in credit overall has been supported by the ECB Pandemic Emergency
Purchase Programme since mid-March, but even in this context, interest of this magnitude
is notable, and points to the fact that issuers from this sector remain a rarity in the green
bond market. Investors evidently welcome the opportunity to add much needed industry
diversification to green bond portfolios, which tend to be heavily biased towards utility,financial, and real estate issuers.

Underwriters

BNP, CS, LBBW, UC

Deal comments
Credit rating

A (S&P)
A2 (Moody’s)

Pricing summary••

Interest spread: ms + 65bps
Coupon: 0.375%

Investors summary

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