Green Bond Fact Sheet

Offentliga I norden AB

Date: 02/10/2019

Issue date: 27-09-2019 Maturity date: 27-03-2023 Tenor:3.5
Issuer Name

Offentliga I norden AB

Amount Issued

SEK500m/USD51m

Country of risk

SwedenCBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond Type

Senior unsecured

Green Bond Framework

Link to Green Bond
Framework

Second party opinion

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

CICEROUse 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
ReportingIssuer information

Reporting on allocation of proceeds will be made public on the website and the annual reporton an annual basis. For commercial papers this information will be available once every 6months.
This will contain the amount of green instruments issues, the share of proceeds used
for financing/re-financing and the share of proceeds used green projects. If there areunallocated proceeds, this will be disclosed as well. There will be a verification report on theallocation of proceeds provided by the by the external part which will be available on thecompany’s website. Indicators for the different categories will be made available as well suchas certifications and energy performance. Energy efficiency measures will include theamount of energy saved. This information will also be made public on an annual basis.
Offentliga Norden provides real estates services. It manages, develops and leases
community service properties in Sweden. Properties within their portfolio are schools,
health care facilities and road stations among others. Usually, the lease terms last longer
than 5 years.

Firsts, records andcertifications
Proceeds description

A project is eligible for funding if it meets one of the following criteria:-reduce greenhouse gas emissions
adapt operations to climate change
promote other environmental issue (apart from climate change)

Eligible categories are defined as green buildings which includes existing and new buildings
with a focus on certifications and energy performance as well as energy efficiency which
includes retrofits such as heat pumps and LED lighting. The following categories areexcluded: fossil fuel energy generation, nuclear energy generation, the weapons anddefense industries, potentially environmentally negative resource extraction, gambling or
tobacco.

Climate Bonds viewAs a large share of emissions comes from buildings, it is great to see more real estatecompanies taking action. Alongside large issuers such as Vasakronan and Fabege, it is good
to see that smaller companies such as Offentliga I Norden AB are also entering the market.

Underwriters

Nordea, Swedbank

Deal commentsCredit Rating

Pricing summary
Investors summary

1•Coupon: STIB + 440bps

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