Green Bond Fact Sheet

Mid-Arkansas Utilities Public Water Authority

Date: 03/04/2020

Issue date: 31-03-2020 Maturity date: 01-06-2034 Tenor: 14.2
Issuer name

Mid-Arkansas Utilities
Public WaterAuthority

Amount issued

USD5m

Country of risk

USA

CBI Database

Included

Issuer type1

Government-Backed
EntityBond type

US MuniGreen bond framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

BAM GreenStar

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☒ Wastewater
treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☒ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use 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
Reporting

The issuance is backed by Build America Mutual Assurance Company (BAM) with their
Municipal Bond Insurance Policy for bonds which guarantees the schedules payment ofprincipal and interests. Additionally, the bonds have been designated BAM Greenstar Bonds
as the use of the proceeds by the issuer align with one of the GBPs developed by ICMA.
Apart from this, there are no obligatory reporting mechanisms for future performance inplace as yet.

Company information

Mid-Arkansas Utilities Public Water is a water supply system operator headquartered in
Cabot Arkansas, USA. It provides water services such as drinking water to communities in
the area.

Firsts, records andcertifications
Proceeds description

The proceeds will refund the Authority's Water Revenue Acquisition Bonds.

Climate Bonds view

This issuance is part of a so-called Series 2020 Bond, of which the proceeds will be mainly
used for refinancing purposes. Although the proceeds are targeted at local areas, the Series2020 Bond have undergone a BAM Greenstar Assessment, investors can have theconfidence that their funds are making a difference from a climate perspective. MidArkansas Utilities Public Water Authority are the first issuer of a green bond from Arkansas
in the year 2020 and 1 of 5 US Muni green bonds issued in the month of March.
Crews & Associates Inc.

Underwriters
Deal comments
Credit rating

AA (S&P)

Pricing summary•••

Yield: 2.1%
Coupon: 2.000%
Price: 98.778%

Investors summary

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