Green Bond Fact Sheet

Edra Solar Sdn Bhd

Date: 31/03/2020

Issue date: 11-10-2019 Maturity date: 09-10-2037 Tenor: 18Issuer nameEdra Solar Sdn Bhd

Amount issued

MYR245m/USD59m

Country of risk

Malaysia

CBI Database

Included

Issuer type1

Non-FinancialCorporate

Bond type

Sukuk

Green bond framework

Link to Framework

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☐ 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
Reporting

There will be allocation and impact reporting through different channels such as annual
reports or website updates.
Allocation reporting:Originally allocated and utilised amounts to eligible projects
unutilised amount as well as where it is placed or invested up until utilisation
Impact reporting where feasible and to the extent possible:
impact objectives from the eligible projects
other impact reporting including the installed capacity of the plant, the annual
electricity generated, the GHG emissions avoided annually, number of farmers
supported, number of jobs created, and the revenue generated for the community

Company information

Edra Solar is a wholly owned subsidiary of Edra Power Holdings Sdn Bhd which is Malaysia’s
second-largest independent power producer group. Their portfolio includes power anddesalination plants in five countries. Originally, Edra was established in 2014.

Firsts, records andcertifications

Country’s first deal to be aligned with the requirements of Securities Commission
Malaysia’s Sustainable and Responsible Investments Sukuk Framework, the ASEAN Green
Bond Standards, the ASEAN Social Bond Standards as well as the globally recognised Green
Bond Principles, Social Bond Principles and Sustainability Bond Guidelines.

Proceeds description

Climate Bonds view

Underwriters
Deal comments

The proceeds will go towards refinancing up to 80% for the development of the Kuala Ketil
Solar Farm meaning the design, construction, ownership, operation and maintenance ofthe solar power plant with the capacity of 50 MWac. Edra Solar has allocated a buffer zone
surrounding the solar farm facility to the local community for the cultivation of pineapples
and/or other crops.
Overall, eligible project categories are:Renewable Energy
Pollution prevention and control
Eco-efficient and/or circular economy adapted products, production technologies
and processes
Socioeconomic advancement and empowerment
So far, some USD1.3bn in green bonds have been issued by Malaysian organisations. Edra
Solar Sdn Bhd is the 9th issuer from Malaysia, where mainly non-financial corporates havepreviously come to market. Deals have mainly financed renewable energy, and this is thesecond green bond to partially finance agriculture projects. Merging these two andinvolving the local community shows how well different initiatives can be combined andleveraged together. The project will directly contribute to Malaysia’s goal of 20%
renewable energy by 2025.
OCBC Al-Amin

Credit rating
Pricing summary
Investors summary

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