Green Bond Fact SheetÖstersund Municipality

Date: 29-Nov-2018

Issue date: 29-Nov-2017 Maturity date: 29-Nov-2022 Tenor: 5Issuer NameÖstersund Municipality

Amount Issued

SEK800m (USD96m)

Country of risk

SwedenCBI Database

Included

Issuer Type1

Local Government

Bond TypeGreen Bond

Green Bond Framework

Link to GB Framework

Second party opinion

CICERO

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
☐ 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

Use of Proceeds☒ Other☒ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Proceeds allocation and impact reporting (for buildings: expected or actual energyuse; for solar and wind: installed capacity in KWh) will be made available through aninvestor letter annually and disclosed on the issuer’s website.
Östersund Municipality is a municipality in Jämtland County in northern Sweden.

Firsts, records andcertifications
Proceeds description

Proceeds will be allocated to projects of municipality owned companiesÖstersundhem AB and Jämtkraft. In its SPO CICERO notes that the issuer expects
proceeds to fund primarily renewable energy and energy efficiency in buildings,
although the framework covers a wide range of categories. The criteria for eligible
building projects cover (a) FEBY, a Swedish Passive House standard, Svanen, theNordic Swan Ecolabel awarded to energy-efficient small houses, flats and pre-schoolbuildings, and Miljöbyggnad Silver as well as (b) major renovations which lead to a
reduced energy use of at least a 35% per m2Atemp per year.

Climate Bonds view

The bond was placed on Climate Bonds’ Pending list at issue while we considered
possible investment in hydro power plants and the production of hydrogen fromelectrolysis or other residual flows. We have now concluded that the deal meets ourinclusion criteria. We further note positively the promotion of a passive housestandard and the minimum 35% energy use reduction required for refurbishments.

Underwriters

SEB

Deal comments
Credit Rating
Pricing summary
Investors summary
1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, nonfinancial corporate, sovereign