Green Bond Fact Sheet
PKO Bank Hipoteczny SA

Date: 10/06/2019

Issue date: 10-06-2019 Maturity date: 30-09-2024 Tenor: 5Issuer Name

PKO Bank Hipoteczny SA

Amount Issued

PLN250m/USD66m

Country of risk

PolandCBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeCovered Bond

Green Bond Framework

Green Bond Framework

Second party opinion

SPO

Certification Standard

Climate Bonds Standard V2.1
including Criteria for

Assurance report

Pre-issuance Verification
statement by Sustainalytics

Sustainalytics

Green bond rating

N/A☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energy performance☐ 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☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience•

Certification Verifier

Low Carbon Buildings(Residential, Upgrades)

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ 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
Reporting

There will be annual reporting on the details of the allocation of the proceeds as well as
quantitative impact indicators of the buildings financed by these mortgages. This
reporting will be conducted until the bonds have been fully repaid.

Company information

The issuer is the mortgage bank subsidiary of the largest commercial bank in Poland, PKO
Bank Polski. It is the largest issuer of EUR benchmark covered bonds in Poland. In April
2019, PKO Bank Hipoteczny was the first bank in Poland to join the pilot project Energy
Efficient Mortgages, which is an EU-wide initiative to introduce mortgage loans for energy
efficient buildings.

Firsts, records andcertifications

This is the first Certification by an issuer in Poland. PKO Bank is the third green bondissuer in Poland, after the Polish green sovereign and another bank in Poland.

Proceeds description

The proceeds will refinance mortgages relating to buildings which meet the Climate
Bonds Low Carbon Building Criteria. For new and recently constructed buildings, these arebuildings with an Energy Performance Certificate (“EPC”) which includes the TechnicalCondition 2017 or newer. For buildings with retrofits, buildings must have undergone a
30% improvement in CO2 emissions.

Climate Bonds view

The proliferation of energy efficient mortgages across the EU is a welcome development.
Green bonds are also a useful way to help support them.

Underwriters

Brokerage House of PKO BP SA

Deal comments
Credit RatingPricing summary

Spread over WIBOR 3M of 60 bps

Investors summary

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