Green Bond Fact SheetUBI Banca

Date: 16-Apr-2019

Issue date: 10-04-2019 Maturity date: 10-04-2024 Tenor: 5Issuer NameUBI Banca

Amount Issued

EUR500m (USD562m)

Country of riskItaly

CBI Database

Included

Issuer Type1

Financial corporate

Bond TypeSr PreferredGreen Bond Framework

Green social andSustainable Bonds
Framework

Second party opinion

ISS-oekom

Certification Standard

N/A

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☐ 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

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
Reporting

The issuer commits to reporting annually on use of proceeds and impacts until the full
allocation of proceeds. Reporting will disclose proceeds allocated per Eligible Projects category,share of refinancing, and the amount of unallocated proceeds. If, after completion of theallocation period, some Eligible Projects are replaced, UBI Banca will publish an updated
allocation report and an updated impact report. The impact metrics reported will include
expected annual renewable energy generation (MWh) and the expected amount of energy
saved (MWh).

Company information

UBI Banca was the result of a merger in 2007. The national decree of 2015 required banks withassets greater than USD8bn to demutualize (privatize) into listed companies. This is just thestart of the most modern reorganization of the bank, which merged with several other ‘banche
popolari’ in 2016 and 2017. As of today, the bank has almost 2000 branches in Italy.

Firsts, records andcertifications
Proceeds description

The proceeds derived from the issuance of UBI Banca’s Green Bond (part of a EUR6bn EMTNprogramme) will be allocated to the financing or re‐financing, in whole or in part, of new orexisting loans which are dedicated to renewable energy. The bank’s reference portfolio
comprises loans primarily for solar (63%), but also wind (23%), biomass (8%) and hydro (6%)
power generation. No controversies have been recorder around biomass.

Climate Bonds view

UBI is the 3rd Italian commercial bank to come to market. Cassa depositi e Prestiti and Intesa
San Paolo issued benchmark sized green bonds (EUR500m) 2018 and 2017, respectively. Italyrelies heavily on commercial banks with large balance sheets. Additional issuance from this sub-sector is therefore required. UBI’s bond takes the total issued by Italian banks to date toEUR1.5bn, or 14% of Italy’s total volume.

Underwriters

BNP Paribas, CaCIB, Credit Suisse, UBI, Banca IMI, UniCredit

Deal comments
Credit Rating
Pricing summary

Coupon 1,5%Investors summary

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