Green Bond Fact Sheet
Sparebanken Sør Boligkreditt

Date: 31/10/2019

Issue date: 26-10-2019 Maturity date: 26-10-2026 Tenor: 7 years
Issuer Name

Sparebanken Sør
BoligkredittAmount Issued

EUR500m/USD555m

Country of risk

NorwayCBI Database

Included

Issuer Type1

Fnancial Corporate

Bond TypeCovered Bond

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Climate Bonds Standard
v2.1, including sectorspecific criteria for:

Assurance report

pre issuance verification

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
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience•
Low Carbon
Buildings (residential)
Certification Verifier
Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ 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

Firsts, records andcertifications
Proceeds description

An annual report with details on the allocation of proceeds will be produced annually, until theproceeds are fully allocated. An impact report with indicators such as energy use and emissions
per floor area, will be produced by Multiconsult, a technical environmental consultant.
Sparebanken Sør Boligkreditt is the covered bond issuing subsidiary of Sparebanken Sør, which
is Norway’s fifth largest savings bank, and traces its heritage to 1824. It is based inKristiansand.
This is the fourth issuer in Norway to receive Certification under the Building Criteria. All four(the other three are SR Boligkreditt AS, Sparebank 1 Boligkreditt, DNB Boligkreditt) are related
to the residential mortgage market in Norway and are partly underwritten by ING.
The proceeds will be used to finance and refinance mortgages linked to residential buildings inNorway which meet the following requirements of the Criteria:• New or existing Norwegian apartments that comply with the Norwegian building codes of2010 (TEK10) or 2017 (TEK17)• New or existing Norwegian other residential dwellings that comply with the Norwegianbuilding codes of 2007 (TEK07), 2010 (TEK10) or 2017 (TEK17)• Existing Norwegian residential buildings, built before 2009, with EPC-labels A, B and C
The issuer has identified an appropriate portfolio with an approximate value of EUR1bn(USD1.1bn).

Climate Bonds view
Underwriters

ING

Deal comments
Credit Rating
Pricing summary
Investors summary
1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign