Green Bond Fact Sheet

Korea Hydro & Nuclear Power

Date: 30-Jul-2018

Issue date: 25-Jul-2018 Maturity date: 25-Jul-2023 Tenor: 5Issuer Name

Korean Hydro &Nuclear Power

Amount Issued

USD600m

Country of risk

South Korea

CBI Database

Included

Issuer Type1

Government-Backed
EntityBond TypeGreen Bond

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 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
☐ 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

The issuer will report on proceed allocations and on selected quantitative environmental
impact indicators. This information will be disclosed within one year of issuance on theissuer’s website.
Korea Hydro & Nuclear power is a subsidiary of the Korea Electric Power Corporation(KEPCO). The company operates large nuclear, hydroelectric and other renewable power
plants in South Korea, which are responsible for 28% of the country’s electricity supply.

Firsts, records andcertifications
Proceeds description

Proceeds are earmarked for financing and refinancing renewable energy, cleantransport and green buildings located in South Korea and overseas. Run-of-riverhydropower plants and hydropower plants with a capacity up to 20MW areeligible, as well as modernisations and upgrades of existing hydro facilities toimprove their energy performance and safety. For bioenergy, biomass will besourced from low-grade wood fibre pellets, sawdust and other wood industry byproducts. Properties are required to have obtained a LEED Gold, BREEAM Very
Good or an equivalent national standard, such as the Green Standard for Energy
and Environmental Design (G-SEED).

Climate Bonds view

This is the second Korean green bond issuer to enter the market in 2018, taking thecountry’s total cumulative issuance to USD3.6bn. For hydropower projects, wewould like to see details on the power density ratios and annual emissions(gCO2/kWh) of the assets.

Underwriters

BNP Paribas Securities, Citigroup Global Markets, HSBC Securities, JP Morgan Securities,
Korea Development Bank

Deal comments
Credit Rating

Aa2 (Moody’s), AA (S&P)

Pricing summary
Investors summary

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