Green Bond Fact Sheet

Akademiska Hus AB

Date: 20/06/2019

Issue date: 20-06-2019 Maturity date: 20-06-2024 Tenor: 5Issuer Name

Akademiska Hus AB

Amount Issued

SEK1.5bn/USD160m

Country of risk

SwedenCBI Database

Included

Issuer Type1

Non-financial
corporate

Bond Type

Senior unsecured

Green Bond Framework

Link to framework

Second party opinion

CICERO

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 emissionvehicles☐ 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
ReportingAkademiska Hus will publish an annual online report detailing the allocation proceeds andimpact of the green bond (the issuer refers to this as “Performance Reporting”). The firstreport will be published in April 2020. It will contain information on eligible green projects
and assets that have been financed and summarise Akademiska Hus’s green bond activities
from the previous year. Project examples for each category will be provided, and theoutstanding balance of green bonds and the new projects vs refinancing balance disclosed.
The performance reporting will contain a set of asset level performance indicators. Impact
will be disclosed based on the green bond financing’s share of the total investment. For
projects and assets that are not yet operational, Akademiska Hus aims to provide estimatesof future performance levels. A full list of reporting KPIs is provided on p. 13 of the issuer’sframework. The emphasis is on energy production/savings and greenhouse gas for mostproject types.

Company information

Akademiska Hus is one of Sweden’s largest property companies. It invests exclusively inacademic properties, such as university campus and housing buildings. Some 300,000
people live and work in Akademiska Hus’s properties every day. These properties are
currently valued at an approximate SEK86bn (USD9.1bn), making the company the majority
player in the market with a 60% share.

Firsts, records andcertifications

The first academic property investor in the Swedish market to issue. Their Finnish
equivalent (University Properties Oy) entered the market earlier this year.

Proceeds description

Akademiska Hus’s green bond will primarily finance new and existing university properties.
New properties must reach Miljöbyggnad Gold and existing buildings Silver, along with bothneeding to be at least 30% more energy efficient than the Swedish building regulations.
Energy efficiency improvement projects must achieve a minimum 20% improvement.
Other eligible categories include renewable energy (solar, wind, hydro and geothermal),
low-carbon transportation infrastructure (for bicycles, public transport and electricvehicles) and sustainable urban areas. The latter has been classified by Akademiska Hus as“Environmentally sustainable management of living natural resources and land use” andfocuses on creating green urban areas, such as green roofs and walls, urban biotopes, parks
and planting trees.

Climate Bonds view

Swedish property sector green issuance shows no signs of slowing down. We applaud theissuer base for leading the way for others in showing that all kinds of properties can befinanced through green debt. Akademiska Hus has created a robust framework, and wehope to see the company become a regular green bond issuer.

Underwriters

Handelsbanken

Deal comments
Credit Rating

Pricing summary
Investors summary

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