Green Bond Fact Sheet
Ma 'anshan Rural Commercial Bank

Date: 01/07/2020

Issue date: 30-06-2020 Maturity date: 30-06-2023 Tenor: 3Issuer Name

Ma 'anshan Rural Commercial
BankAmount Issued

RMB400m/USD56m

Country of risk

China

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeUse of proceeds bondGreen Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Climate Bonds Standard v2.1,
including sector-specific criteria:

Assurance report

Pre issuance verification
reportGreen bond rating

N/A••Certification Verifier

Water Infrastructure
Solar

China Lianhe EquatorEnvironmental Impact
Assessment

Use of Proceeds☒ Energy☒ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation &resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energy performance☐ 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☒ Wastewater treatment☐ 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☐ 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
Reporting

Annual reports with details of the allocation of proceeds will be made available publicly on theissuer’s website before April of each year.

Company information

The bank was established in 2009 and headquartered in Ma ‘anshan City. It operates as ageneral services bank, providing lending services to corporate and retail customers. As of mid2018, it had 58 branches.

Firsts, records andcertificationsFirst Certification for a domestic issuance in China. All the previous China 10 issuances havebeen for overseas investors.
First verification conducted by China Lianhe Equator Environmental Impact Assessment Co.

Proceeds description

The proceeds will be used to refinance the bank’s lending to the following projects, all locatedin Anhui province:•1 solar photovoltaic generation facility with a capacity of 40 MW, in Luhu Village, ofYongqiao District, Suzhou•
11 sewage treatment plants. They include 10 plants for municipal wastewater; and 1plant for industrial wastewater. The investments are for both the development of new assets
and the expansion of existing ones. The plants are located in Ma‘anshan, Chuzhou, Xuancheng, Lu ‘an, Wuhu, and Bengbu cities.

Climate Bonds view

This development is very welcome, and acknowledges the growing recognition of theCertification Scheme and its value, within the domestic China market.

Underwriters

CITIC Securities Company Ltd

Deal comments
Credit Rating

AA (Lianhe)

Pricing summary••

Investors summary
1Coupon: 3.900%
Price: 100%

1.6x oversubscription

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