Green Bond Fact Sheet

Nord/LB

Date: 11/02/2020

Issue date: 28-01-2020 Maturity date: 28-01-2025 Tenor: 5Issuer Name

Nord/LB

Amount Issued

EUR300m/USD331m

Country of risk

Luxembourg

CBI Database

Included

Issuer Type1

Government-Backed
EntityBond TypeCoveredGreen Bond Framework

Link to Framework

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
ReportingCompany information

Regular impact and allocation reports will be issued and made public on the company’s
website. The allocation information is based on Circulars CSSG Transparency requirements.
In addition to that, the following information will be provided:
Total renewable energy assets financed
Share of financing vs refinancing
Current volume (total project costs) and financing share NORD/LB CBB (portfolioaverages)
Breakdown by wind and solar projects as well as country and currency and rating
Maturities
LTV ratio and LTV utilisation
Outstanding amount of green covered bonds
The impact report will include (issued 12 months after issuance for the first time):
Total installed capacity of renewable energy (MW) and annual (expected)
production of renewable energy (MWh)Total capacity of renewable energy facilitated trough connection, transmission,transformation and storage (in MW)
Avoided greenhouse gas emissions from the production and facilitation ofrenewable energy emissions (annual avoided greenhouse gas emissions in tons ofCO2 equivalents)
Nord LB Luxembourg Covered Bond Bank operates as a special purpose entity and is a
subsidiary of Norddeutsche Landesbank Girozentrale. The bank provides banking and fundmanagement services and serves clients in Luxembourg.

Firsts, records andcertifications
Proceeds description

The proceeds of the green covered bond will be used to finance and refinance projects in
the renewable energy sector. Eligible Assets are renewable energy projects in EU, EEA,OECD and countries with a high-quality rating by recognized rating agencies. There are twoeligible categories:
1) Purchase, design, construction, development and/or installation, of renewableenergy from on- and offshore wind power and solar power.
2) Connection, transmission, transformation and storage of renewable energy
There is the option to extend the categories that comply with the Green Bond Principles.

Climate Bonds view

Underwriters
Deal comments

This is the first green covered bond from Luxembourg adding to a yet sparse pool of such
instruments. There are around 7,700 covered bonds in the market of which 28 are green
bonds issued by 12 different entities which are solely from Europe. We hope that thisnumber will increase.
ABN, Commerz, CACIB

Credit Rating

Aa2 (Moody’s)

Pricing summary•••

Interest spread: ms + 23bps
Coupon: 0.050%
Price: 98.865%

Investors summary

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