Green Bond Fact Sheet

Georgia Global Utilities

Date: 30/07/2020

Issue date: 30-07-2020 Maturity date: 30-07-2025 Tenor: 5Issuer nameGeorgia GlobalUtilities (GeorgiaCapital PLC)

Amount issued

USD250m

Country of risk

Georgia

CBI Database

Included

Issuer type1

Non-FinancialCorporate

Bond type

Private Placement

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 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

Until the maturity of the Green Bond Georgia Global Utilities intends to publish an allocationand impact report on its website annually.
Headquartered in Tbilisi, Georgia, the issuer Georgia Global Utilities JSC provides water andwastewater services to up to 1.4 million people in three cities: Tbilisi, Mtskheta, andRustavi. Georgia Global Utilities operates water supply systems and invests in renewableenergy projects in Georgia and is a wholly owned subsidiary of Georgia Capital PLC which islisted on the London Stock Exchange.

Firsts, records andcertifications
Proceeds description

The proceeds will be earmarked for capital expenditure in upgrading water supply andsanitation in Tbilisi and nearby municipalities, and to refinance existing loans of renewableenergy and water operations.

Climate Bonds view

Climate Bonds hails the first green bond from Georgia. This inaugural green note willcontribute to a low-carbon and resilient economy in the country, which is still heavy
reliant on fossil fuels in its energy supply and is sensitive to extreme climate events, as
it is home to the Caucasus mountain range. Bond issuance will continue to play a key
part in financing large-scale infrastructure projects by the private and public sectors
towards a greener and sustainable future.

Underwriters

J.P. Morgan, TBC Capital

Deal comments

1

Credit rating

B+ (Fitch), B (S&P)

Pricing summary••Investors summary

Asian Development Bank (ADB) to Invest up to $40 Million

Coupon: 7.75%Price: 100%

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