Green Bond Fact Sheet

Maryland Stadium Authority

Date: 28/07/2020

Issue date: 21-07-2020 Maturity date: 01-05-2047 Tenor: 26.8
Issuer name

Maryland StadiumAuthority

Amount issued

USD34mCountry of risk

USA

CBI Database

Included

Issuer type1

Government-Backed
EntityBond type

US MuniGreen 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
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☐ 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

Apart from the Continuing Disclosure Agreements there is no statement that there will bereporting on impact of the proceeds.
Body politic and corporate and an instrumentality of the State, which was created in 1986
to finance and direct the acquisition and construction of professional sports facilities inMaryland. Since then, responsibilities have been expanded to include the Hippodrome
Performing Arts Center, convention centers in Baltimore City and Ocean City, theMontgomery County Conference Center and the Program.

Firsts, records andcertifications
Proceeds description

The proceeds will finance the construction of Northwood Elementary PK-5 School, a100,213 square foot replacement project on a 14-acre site, which has been designed andwill be built to meet at least a United States Green Building Council Silver level LEED
certification. The design phase for the Green Project was completed in late March 2020,
construction is scheduled to begin in early July 2020, and the new facility is scheduled toopen for students in January 2022.
At the moment, the project is on track for LEED Silver certification, but continues to pursue
a LEED Gold certification.
The project is expected to achieve numerous resource conservation and sustainability
outcomes, including reducing buildings water use and surface heat island effect, improving
the efficiency of lighting and mechanical systems, utilising low-emitting, recycled andlocal/regionally sourced construction materials whenever possible, and employing
environmentally responsible construction waste management practices.

Climate Bonds view
Underwriters

The bond shows very good at issuance disclosure as well as a very detailed description ofrefinancing projects.
BoFA

Deal comments
Credit rating

AA- (S&P)
AA (Fitch)

Pricing summary•••

Yield: 2.530%
Coupon: 5.000 %Price: 147.828%

Investors summary

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