Green Bond Fact Sheet
Industrial Bank Co., Ltd
Date: 19 November 2018
Issue date: 20-Nov-2018 Maturity date: 20-Nov-2021 Tenor: 3 years
Issuer Name

Industrial Bank Co., Ltd.

Amount Issued

USD600m; EUR300m(USD343m)

Country of risk

China

CBI Database

Included

Issuer Type1

Financial Corporate

Bond Type

Senior secured

Green Bond Framework

Link to Green Bond
Framework

Second party opinion

CICERO

Certification Standard

Wind, Solar, Low Carbon
Transport

Assurance report

N/A

Certification Verifier

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
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ 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

Regular reports on proceed allocations will be provided.

Company information

Industrial Bank Co., Ltd. is a large financial institution based in Fujian Province, China.

Firsts, records andcertifications

This is the first regional bank in China to issue a Climate Bonds Certified Bond.
This is the first Climate Bonds Certified Bond issued in Hong Kong.

Proceeds description

The proceeds will be used to refinance loans funding one solar PV and four wind
power generation projects, as well as four urban rail and metro network projects
in four different cities.
The combined generation capacity of the renewable energy projects is 323 MW.

Climate Bonds view

It is welcoming to see regional banks also receive Certification for their green bonds,
which shows the growth in recognition of the Certification Scheme in China

Underwriters

Agricultural Bank of China, Bank of Communications, BNP Paribas, CCB International
Capital LTD, China Construction Bank Corp, China Industrial Securities InternationalBrokerage, China Minsheng Banking Corp, Chiyu Banking Corp, Citigroup Global
Markets, CMB Wing Lung Bank, Credit Agricole CIB, Deutsche Bank, Hongkong andShanghai Banking Corp, Industrial Bank, Shanghai Pudong Development Bank, Sinopac
Securities Asia

Deal comments
Credit Rating

Baa2 (Moody’s)

Pricing summary
Investors summary

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