Green Bond Fact Sheet
TransLink
Issue date: 23-Nov-2018 Maturity date: 23-Nov-2028 Tenor: 10

Date: 03-Dec-2018

Issuer NameTransLink

Amount Issued

CAD400m (USD303m)

Country of risk

CanadaCBI Database

Included

Issuer Type1

Government-Backed
EntityBond Type

Senior unsecured

Green 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☒ 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☒ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ 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

The issuer will report annually on proceed allocation and impact of the financed
projects. Reports will be available on the issuer’s website. A list of proposed key
performance indicators are available in the reporting section of the Green BondFramework.
The South Coast British Columbia Transportation Authority (TransLink) is Metro
Vancouver’s public transportation authority. Metro Vancouver is home to over 2.5
million people, making it the third-largest metropolitan area in the country.
TransLink covers a service area of more than 1,800 square kilometres withridership in 2017 amounting to 408 million boardings. (source)Firsts, records andcertificationsFirst Canadian issuer from the public transport sector to enter the green bondmarket.

Proceeds description

The Green Bond Framework includes a range of eligibility criteria: renewableenergy, transport, buildings, waste, water and adaptation.
New and existing properties are required to achieve a minimum LEED Goldcertification. Renewable fuel technologies, such as renewable natural gas anddiesel (HDRD), are eligible as long as the fuel sources come from waste or local
sources. Eligible adaptation project types include vulnerability studies and asset
management programs, resilient property infrastructure redesign and upgrades
and early warning systems.

Climate Bonds view

Underwriters

This is the 9th Canadian green bond issuer to enter the market in 2018, taking thecountry’s cumulative total to USD11.9bn. We look forward to the issuer’s annual
reporting to identify the financed projects and their environmental impacts.
Royal Bank of Canada, Toronto Dominion BankDeal comments
Credit Rating

Aa2 (Moody’s); AA (DBRS)

Pricing summary
Investors summary

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