Green Bond Fact Sheet

Washington Suburban Sanitary District

Date: 14/01/2020

Issue date: 23-12-2019 Maturity date: 01-06-2049 Tenor: 29.5
Issuer Name

Washington Suburban
Sanitary District

Amount Issued

USD54mCountry of risk

USA

CBI Database

Included

Issuer Type1

Government-Backed
EntityBond TypeUS MuniGreen Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

S&P Global Ratings (E1/80)☐ 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☐ Wastewatertreatment☐ 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
ReportingCompany information

There is no reporting commitment stated.
The Washington Suburban Sanitary District was created in 1918. It operates as a public
corporation of the state of Maryland. It provides water and sewerage systems such as
water supply and sewage disposal facilities.

Firsts, records andcertifications
Proceeds description

The bond will finance the planning, design and construction (and/or rehabilitation) of
following projects:-Climate Bonds view

Underwriters

the improvements to a water filtration plant which aims at reducing solids
discharges
a replacement pre-filter chlorination and filter air scour systems of such water
filtration planta large diameter water transmission mains and large system valves and small
water mains and other appurtenances including meter and PR vaults

This marks the second green Muni issuance from the state of Maryland. We welcome
the third-party review in form of a rating provided by S&P Global Ratings. Of all US
green Munis, only 14 (out of a total 296) have acquired a rating so far. To enhance thetransparency and credibility of the green bond market, CBI continue to strongly
encourage post issuance reporting.
BAML

Deal comments
Credit Rating

AAA (S&P)
AAA (Fitch)

Pricing summary

Investors summary•••

Yield: 2.720%
Coupon: 3.000%
Price: 102.316%

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