Green Bond Fact Sheet

SSB Boligkreditt

Date: 03/07/2020

Issue date: 24-06-2020 Maturity date: 16-06-2025 Tenor: 5Issuer name

SSB BoligkredittAmount issued

NOK300m/USD31m

Country of risk

NorwayCBI Database

Included

Issuer type1

Financial Corporate

Bond typeCoveredGreen 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
☐ 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

Until maturity there will be impact and allocation reporting on an at least annual basis on thecompany website. The allocation report will include the total amount of proceeds allocated,
the number of loans portfolio, the amount and percentage of financing versus refinancing,and unallocated proceeds. Potential impact reporting indicators include but are not limited
to estimated ex-ante annual energy consumption in kWh/m2 or energy savings in MWh, andestimated annual greenhouse gas emissions reduced/avoided in tons of CO2 equivalent.
SSB Boligkreditt is a subsidiary fully owned by Sandnes Sparebank. It was founded in 2008
and is headquartered in Rogaland county (Norway). The company acquires residential
mortgages from Sandnes Sparebank and the portfolio is then refinanced in the coveredbond market.

Firsts, records andcertifications
Proceeds description

The funding will go towards financing/ refinancing loans for new residential buildings
belonging to the top 15% most energy efficient buildings of the local building stock, orrefurbished residential buildings that achieved energy savings of at least 30% compared tothe baseline. There are three criteria that must be fulfilled in order to be considered
eligible.

Climate Bonds view

There is only a small list of countries from which green covered bonds have been issued.
Norway takes up almost a third of this issuance. Scandinavia has a large covered bondmarket and Norway’s volume currently adds up to USD150bn. Covered bonds are
considered a very secure investment and are therefore popular amongst certain investor
groups. Marrying this structure with green proceeds is a very valuable combination, which
has the potential to extend the issuer’s the investor base beyond the “vanilla scope”.

Underwriters
Deal comments
Credit rating
Pricing summary•Coupon: Quarterly NIBOR +42 bps

Investors summary

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