Green Bond Fact Sheet

Vena Energy

Date: 05/03/2020

Issue date: 26-02-2020 Maturity date: 26-02-2025 Tenor: 5
Issuer Name

Vena Energy

Amount Issued

USD325m

Country of riskSingapore

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypeSr Unsecured

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

JCR (Green 1)☒ 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
Reporting

There will be allocation and impact reporting provided. The allocation report will be available
on an annual basis on the website until funds are fully allocated. There will be a third-party
audit each year until full allocation. Information based on asset type including examples will
be disclosed:
Allocated amount per asset category (type of energy) versus total amount in %Geographic split per country
Weighted average age of the project being financed or refinanced including stageof project (construction or operation)
Total project size per asset category (MW) and total annual operating hours
Examples of projects including date, location, category and progress
The impact report will include:
Installed capacity (MW)GHG emissions avoided (CO2e) annually
Annual renewable energy production (MWh)Number of Households powered

Company information

Vena Energy was established in 2012 and operates in Asia-Pacific. The company is based in
Singapore and its main business is to invest in project companies which are engaged insolar and wind energy generation projects. The group and its project companies are arenewable independent power producer. Vena Energy has been active in the solar andwind power generation business.

Firsts, records andcertifications
Proceeds description

The raised funds will go towards projects in the Renewable Energy space:
1. Solar energy related projects (including infrastructure, manufacturing and transmission)
2. Wind energy related projects (offshore and onshore wind farms, infrastructure andmanufacturing, transmission)
3. Hydropower related projects: run of river and small hydro (new construction of less than
15MW of small-scale hydropower or re-powering of existing large-scale hydropower ofmore than 20MW)

Climate Bonds view

Underwriters
Deal comments

Non-Financial Corporates from Singapore have not issued many green bonds as yet: Vena
Energy marks the third one, whilst also being the largest by far from this issuer type as wellas the first one denominated in USD. This deal offers international investors the chance toparticipate in the Asian EM corporate bond market. Finally, this is the first green bond outof Singapore for which the issuer has acquired a green bond rating.
ABN, BNP, CACIB, ING, DBS, MUFG, SMBC

Credit Rating

A- (S&P)

Pricing summary••Coupon: 3.133%
Price: 100.000%

Investors summary

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