Green Bond Fact Sheet

Stedin Holding NV

Date: 19/11/2019

Issue date: 14-11-2019 Maturity date: 14-11-2029 Tenor: 10Issuer Name

Stedin Holding NV

Amount Issued

EUR500/USD550m

Country of risk

Netherlands

CBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond TypeSr Unsecured

Green Bond Framework

Link to Framework

Second party opinion

ISS-oekom

Certification Standard

Not certified

Assurance report

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☐ 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
☐ 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
ReportingIssuer information

There will be both, allocation and impact reporting a year after issuing the instrument on a yearlybasis up until full allocation of net proceeds on the company’s website.
The allocation report will include information such as the total amount of investments in theeligible project categories, the share of financing and refinancing, the year of investment, thebalance of unallocated proceeds as well as the geographical distribution of the assets.
The impact report will contain a description of the green projects, a breakdown of what is being
financed and metrics for each eligible category amongst others: capacity of renewable energy
production connected in the grid (renewable energy), number of Smart grid components
installed (energy efficiency), number of EV charging points (clean transportation) and estimatedannual CO2 emission reduction (green buildings).
Stedin is the result of a split of former Eneco Holding into two business lines: Eneco (energycompany) and Stedin (network company). It was formed in 2017 and operates in different
areas in the Netherlands focussing on all activities around constructing, managing andmaintaining energy grids.

Firsts, records andcertifications
Proceeds description

The proceeds will be used for 4 different project categories:-Renewable Energy: increasing the production from renewable energy sources
including storage units as well as integrating renewables in the grid
Energy Efficiency: improvement of energy efficiency and the reliability of energy
supply such as smart grid technologies and installation of smart meters
Clean Transportation: promotion of climate-neutral mobility including electric vehicle
charging stations and related infrastructure
Green Buildings: acquisition and renovation of low-carbon buildings fulfilling certain
criteria (for example a certain level of BREEAM or LEED standard)

Climate Bonds view

Stedin shows that green bonds can fund both, the core business of an organisation as well as
the operational side. By funding renewable energy, energy efficiency, clean transportation andgreen buildings they cover a broad spectrum of eligible categories in their framework.

Underwriters

ABN, BNP, ING, NatWest

Deal commentsCredit Rating
Pricing summary
Investors summary

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