Green Bond Fact Sheet

Swedish Covered Bond Corporation (SCBC)

Date: 31-Jan-2019

Issue date: 30-Jan-2019 Maturity date: 28/-Mar-2024 Tenor: 5.2
Issuer Name

Swedish Covered
Bond Corporation(SCBC)

Amount Issued

SEK6bn (USD663m)

Country of risk

SwedenCBI Database

Included

Issuer Type1

Government-backedentity

Bond TypeCovered bondGreen Bond Framework

Link to Framework

Second party opinion

CICERO

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
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

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
ReportingCompany information

The issuer will report annually on proceed allocations and impacts of thefinanced projects. For impact reporting, the issuer intends to show anaggregation of the loan volume and greenhouse gas avoided or reduced as aresult of the Eligible Green Loans financed.
SBAB Bank AB (publ) (“SBAB”) is wholly owned by the Swedish state. SBAB
primarily provides mortgages but also offer loan and savings products toconsumers, tenant-owners’ associations and property companies inSweden. The Swedish Covered Bond Corporation (SCBC) is a subsidiary of
SBAB and part of the SBAB Group. SCBC’s primary operations comprise theissuance of covered bonds pursuant to the Swedish Act on Issuance of
Covered Bonds. SCBC does not pursue lending activities but insteadacquires loans that meet certain criteria from SBAB on a regular basis.
(source)Firsts, records andcertifications

Second covered bond from a Swedish green bond issuer after Landshypotek
Bank’s deal in May 2018.

Proceeds description

Proceeds will be allocated to financing mortgages on energy efficientbuildings which have obtained an EPC A, B or C, Miljöbyggnad “Silver”,Svanen, Passivhus, or Green Building certificate, and on energy efficiency
upgrades yielding at least 30% decrease in final energy use per m2/year.
The issuer’s Green Bond Framework includes a detailed list of eligibility
criteria for retail and corporate customers.

Climate Bonds view

Underwriters
Deal comments
Credit RatingThis deal takes cumulative volumes of green covered bonds to USD8.3bn. As
the market continues to mature, bond structure diversification is expected
to continue.

Pricing summary
Investors summary

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