Green Bond Fact Sheet

New World Development

Date: 01-Oct-2018

Issue date: 21-Mar-2018 Maturity date: N/A Tenor: N/A
Issuer Name

New WorldDevelopment

Amount Issued

HKD3.6bn (USD459m)

Country of risk

Hong Kong

CBI Database

Included

Issuer Type1

Loan

Bond TypeGreen Loan

Green Bond Framework

Link to Framework

Second party opinion

Sustainalytics

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
☐ 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
ReportingCompany information

The issuer will report annually on proceed allocation and impacts of the financed
projects/assets on its website, annual report and sustainability report. The allocation
reporting will be externally verified by a third-party auditor.
New World Development Company Limited is an investment holding company,
invests in, develops, and manages properties in Hong Kong, Mainland China, andinternationally, including residential as well as commercial real estates, provisionof property and facility management, infrastructure operations, and a variety ofother services.

Firsts, records andcertifications
Proceeds description

Proceeds will finance a green commercial re-development project at King’s Road,
North Point, Hong Kong. The project is expected to be completed in 2019 and has
achieved a Platinum WELL Building Standard Pre-certification, a Provisional
Platinum BEAM Plus and a Platinum LEED Pre-certification.
The Green Finance Framework includes a wider range of project categories,
including energy efficiency and renewable energy, water management, wastemanagement and adaptation.

Climate Bonds view

The commercial re-development project obtained top certification rankings acrossall three green building certification schemes. We note that the WELL BuildingStandard assesses health, wellbeing, productivity and the happiness of building
occupants, rather than the building’s energy credentials. We will keep monitoring
reporting to ensure that the provisional and pre-certification ratings are achieved.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

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