Green Bond Fact SheetNAB Trust Services Limited

Date: 22-Jun-2018

Issue date: 26-Jun-2018 Maturity date: 19-Jun-2028 Tenor: 10Issuer NameNAB Trust Services Limited

Amount Issued

AUD200m/USD148m

Country of risk

Australia

CBI Database

Included

Issuer Type1

Financial Corporate

Bond Type

Notes secured on loan
receivables

Green Bond Framework

Link to Framework

Second party opinion

N/A

Certification Standard

Solar, Wind

Assurance report

N/A

Certification Verifier

DNV GL

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
☐ 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

As for NAB Certified Climate Bond – on an annual basis, the issuer will retain an
appropriate verification agent to confirm that the Notes remain in compliance with
the Climate Bonds Standard. Verification updates and sustainability reports areavailable on the issuer’s website.

Company information

NAB is a commercial bank and one of the four largest financial institutions in Australia.
The issuer, NAB Trust Services Limited, is an investment vehicle set up to facilitate thesyndication of a portfolio of loans secured on solar and onshore wind assets.

Firsts, records andcertificationsFirst portfolio in Australia that enables investors to back existing renewable energy
projects which were previously not available in the public debt market.

Proceeds description

The notes are secured on the NAB Low Carbon Shared Portfolio. The closed-end
investment vehicle holds up to 70-75% of a pool of eight AUD-denominated loans. Theloans were originated by NAB to fund seven existing wind and large-scale solar
projects in Australia and partially sold down to the investment vehicle. The underlying
assets are eligible projects under the Climate Bonds Standard Solar and Wind Criteria
and were verified for inclusion in the NAB Climate Bond portfolio. NAB retains and has
committed to hold the remaining portion of the loans to ensure alignment of interest
with investors.

Climate Bonds view
Underwriters

National Australia Bank

Deal comments
Credit Rating
Pricing summary
Investors summary

1

Investors include the Clean Energy Finance Corporation (CEFC) and Insurance Australia
Group Limited (IAG). (source)

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