Green Bond Fact Sheet

NexityDate: 14/01/2020

Issue date: 20-12-2019 Maturity date: 20-12-2027 Tenor: 8.0
Issuer Name

NexityAmount Issued

EUR240m/USD267m

Country of risk

FranceCBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypeSr Unsecured

Green Bond Framework

Link to Framework

Second party opinion

Vigeo Eiris

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 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☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ 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

There will be annual allocation and impact reporting until the proceeds have been fully
allocated. It will be made available on Nexity’s website. The first report will be based on datafrom 31 December 2020.
The allocation report comprises:• eligible projects financed and allocated amounts• amount allocated vs total amount of the bond• unallocated proceeds and the type of temporary placements• share of financing and refinancing
The impact report will include:• percentage of new homes that surpass at least by 10% the construction standards
RT 2012 in France• percentage of new homes that surpass at least by 20% the construction standards
RT 2012 in France• percentage of new homes with on-site renewable energy generation• percentage of new homes that integrate an environmentally responsible buildingsite approach (Nexity Charter or other recognized standard)• estimated carbon intensity (kgCO2/m2) of residential real estate production• estimated annual GHG emissions reduced/ avoided (t.CO2.e/home delivered) vsNexity 2015 baseline

Company information

Nexity is a real estate services group based in Paris, France and offers residential andcommercial real estate development services. Operations include different business lines
such as purchases, rentals and property management for individuals as well as companies.
It was founded in 2002 and employs around 10,000 people.

Firsts, records andcertifications
Proceeds description

Eligible Green Projects refer to the development and construction of residential properties
located in metropolitan France. This includes financing and refinancing of projects thatmeet several criteria:•••••

Climate Bonds view

exclusively developed by Nexity, including services residences, excluding codeveloped projects
approved by Nexity’s “Purchasing Committee” during the previous and current
years of issuance of the bond (representing a maximum of 24 months)aligned with European Nearly-Zero-Energy Buildings (NZEB) low consumptionbuilding standards;
level of energy performance equivalent to the EPC rating of B (or above)level of energy performance belonging to the top 15% residential stock in France,in line with CBI requirements.

France is at the forefront of green bond issuance in the real estate space after Sweden,
so we welcome another French issuer to the market. Nexity has a CSR strategy in placethat is based on five commitments, one of which is to design sustainable cities. They
also aim to reduce CO2e emissions per home by 2030 compared to 2015; the assetsthat this bond finances directly contribute to this target. The post-issuance reporting
looks to be very detailed and we are pleased to see the CBI Taxonomy being used as aguideline in selecting eligible green assets.

Underwriters

CACIB, Natixis

Deal comments
Credit Rating
Pricing summary•Coupon: 2.464%

Investors summary

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