Green Bond Fact Sheet

Brick Township Municipal Utilities Authority

Date: 28/07/2020

Issue date: 08-07-2020 Maturity date: 01-12-2036 Tenor: 16.4
Issuer name

Brick Township
Municipal UtilitiesAuthority

Amount issued

USD13mCountry of risk

USA

CBI Database

IncludedIssuer type1

Government-Backed
EntityBond type

US MuniGreen bond framework

N/A

Second party opinion

N/A

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
☐ 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

It is specifically stated that there will be no undertaking to provide additional disclosure
related to the series 2020 bonds or the expenditure of proceeds post-issuance.
The Brick Township Municipal Utilities Authority is composed of five members and twoalternate members who are appointed by the Township Council staggered five-year terms.
The authority is also administered by an executive director appointed by the members anddirectly responsible to them.

Firsts, records andcertifications
Proceeds description

The bond will finance various energy savings capital improvements to the water system andsewerage system. This includes the acquisition and installation of various items of energy
conservation equipment, including LED lighting replacements, an energy management
system, high efficiency pump motor replacements, water source heat pump replacements
and boiler replacements.
There will also be an advance refund for the outstanding revenue refunding bonds which
are financing the planning, design, construction, acquisition and operation a reservoir
within the service area and Wall Township, New Jersey and other additions, alterations andimprovements to the water and/ or sewer systems.

Climate Bonds view

Underwriters

The issuer gives very good transparency on both sides, financing and refinancing and which
projects this includes. US Munis often refinance specific projects and it is great to see suchtransparency also on those projects in a single document.
RJ

Deal comments
Credit rating
Pricing summary•••

Yield: 2.300%Coupon: 2.125%
Price: 97.619%

Investors summary

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