Green Bond Fact Sheet

MillicomDate: 02/09/2019

Issue date: 15-05-2019 Maturity date: 16-05-2024 Tenor:5
Issuer Name

Millicom

Amount Issued

SEK2bn/USD210m

Country of risk

SwedenCBI Database

Included

Issuer Type1

Non-financial
corporate

Bond Type

Senior unsecured

Green Bond Framework

Link to green bondframework

Second party opinion

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

Sustainalytics

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
ReportingIssuer information

By way of an annual investor letter which will include an allocation report and animpact report. The allocation report will contain a list of eligible projects and assets
financed by sustainability bonds.
Millicom International Cellular SA, headquartered in Luxembourg, is aninternational telecommunications and media company.

Firsts, records andcertifications
Proceeds description•••

Climate Bonds view

UnderwritersDeal comments
Credit Rating
Pricing summary
Investors summary

Energy efficiency in three areas: data centres, network modernization, andgeneral energy efficiency measures related to building design andupgrades, network solutions, and enhanced monitoring.
Acquisition of spectrum and the renewal of existing spectrum licenses toexpand and maintain high quality of its coverage to unconnected
communities and underserved communities.
Targeted investments in social programmes that upgrade target
population’s ICT skills.

A lot of Swedish issuance has come from public sector entities and the property sector, so it
is good to see further diversification. ICT in particular has the potential to improve
operational efficiency in public service delivery and business, reduce the need for travel(and related emissions) and power the implementation of systematic energy performancemonitoring. The bond was previously in pending, while we assessed allocations to socialprogrammes, but it is now our understanding that these will generally be delivered intandem with energy efficiency improvements and network roll out. We would encourage
issuers to specifically link related climate and social outcomes from projects.
DNB, Nordea

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