Green Bond Fact SheetQNB Bank

Date: 01/10/2020

Issue date: 22-09-2020 Maturity date: 22-09-2025 Tenor: 5Issuer nameQNB Bank

Amount issued

USD600m

Country of risk

Qatar

CBI Database

Included

Issuer type1

Government-Backed
EntityBond type

N/A

Green bond framework

N/A

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
☐ 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
ReportingCompany information

There will be annual allocation and impact reports until proceeds are fully allocated. The
allocation report will include the size of the portfolio, the amounts allocated to the eligible
portfolio the share of financing vs refinancing and the amount of unallocated proceeds.
Impact reporting will be on a best effort basis with alignment with the Harmonized
Framework for Impact Reporting.
Qatar National Bank was established in 1964 as the country’s first Qatari-owned
commercial bank and is based in Doha. The ownership is evenly split between the Qatar
Investment Authority and members of the public.

Firsts, records andcertifications
Proceeds description

The framework covers a broad range of eligible assets and projects which can be financed
or refinanced:- Renewable energy generation and infrastructure: wind (onshore and offshore), solar(photovoltaic solar power, concentrated solar power (CSP) and solar thermal),hydroelectric, bioenergy, geothermal, and tidal; district heating and cooling systems, smart
energy grids, energy meters, management systems and battery storage facilities, andelectricity transmission efficiency will also be financed.
- Low-carbon vehicles: for public, passenger and freight purposes (including cars, buses,
ferries, and trains that are fully electric, hybrid electric or hydrogen, and related
infrastructure, such as electrified railways and charging stations for electric vehicles).
- Forestry: FSC or PEFC, agriculture certified to Fair Trade or organic (EU and USDA) as wellas hydroponic and vertical farming, and fishery certified to the MSC or ASC.
- Water and wastewater management: wastewater treatment and recycling facilities,
Sustainable Urban Drainage Systems, and freshwater technologies and improvements tofreshwater infrastructure that increase water use efficiency.
- Management of waste and technologies to reduce emissions to air.

Climate Bonds view

Underwriters

Climate Bonds welcomes the first green bond from Qatar. QNB Bank sets a good example
for other issuers to follow with its broad and diverse range of eligible project categories.
Qatar is the third country from the Middle East to join the green bond country list. Thisregion continues to rely heavily on fossil fuels, and it is therefore encouraging to see issuersrecognising the potential for clean technologies and green bond financing. We hope to see
many more countries from the region to join the market.
BARC, CACIB, HSBC, ING, SC

Deal comments
Credit rating

A (S&P)
A+ (Fitch)A+ (Moody’s)

Pricing summary••

Interest spread: ms + 135bps
Coupon: 1.625%

Investors summary

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