Green Bond Fact Sheet
Eurogrid

Date: 15/05/2020

Issue date: 15-05-2020 Maturity date: 15-05-2032 Tenor: 12Issuer NameEurogrid

Amount Issued

EUR750m/USD812m

Country of risk

Germany

CBI Database

IncludedIssuer Type1

Non-Financial Corporate

Bond TypeUse of proceeds

Green Bond Framework

Green Bond Framework

Second party opinion

N/A

Certification Standard

Certified under Climate
Bonds Standard v3,
including sector-specificcriteria for:

Assurance report

pre issuance verification

Vigeo Eiris

Green 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•

Certification Verifier

Marine Renewable
EnergyUse of Proceeds☐ 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

There will be allocation as well as impact reporting available to investors within one year fromthe date of issuance until full allocation.

Company information

Eurogrid is an electric utility company, based in Berlin. It wholly owns 50Hertz Transmission,
which operates the electricity grid throughout east and north Germany, as well as owning andoperating offshore wind farms in the Baltic Sea, which can connect to the German grid.

Firsts, records andcertificationsFirst green bond explicitly linked to offshore wind in the Baltic Sea and offshore windtransmission infrastructure.

Proceeds description

The proceeds will be used to finance and refinance two offshore connections, Ostwind 1 andOstwind 2, which connect to wind farms in the Baltic Sea, which collectively have an installedcapacity of approximately 1.5GW. These wind farms are 90km from the German mainland.
Otswind 1 was completed in 2019, and Ostwind 2 is currently in development.

Climate Bonds view

It is exciting to see offshore wind infrastructure receiving Certification. Widespread rollout of
this type of infrastructure is essential to climate action.

Underwriters

BNP Paribas, UniCreditBank AG, Coöperatieve Rabobank U.A.

Deal comments
Credit Rating
Pricing summary

Baa1 (Moody’s)•Coupon: 1.11%

Investors summary

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