Green Bond Fact Sheet
QIC Finance (Shopping Centre Fund) Pty Ltd

Date: 2 Sept 2019

Issue date: 15 August 2019 Maturity date: 15 August 2025 Tenor: 6 yearsIssuer NameQIC Finance (ShoppingCentre Fund) Pty Ltd

Amount Issued

AUD300m/USD203m

Country of risk

Australia

CBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond TypeSenior Unsecured

Green Bond Framework

Green Bond Framework

Second party opinion

N/A

Certification Standard

Climate Bonds Standard
V2.1 including:

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
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
Reporting

Annual reports will be made available on the QIC website www.qicgre.com. They will
be reviewed by Sustainalytics or another external reviewer.
The reports will have information on the allocation of proceeds, as well as descriptions
and qualitative impact indicators about the shopping centres.

Company information

Firsts, records andcertifications
Proceeds description

The QIC Shopping Centre Fund is managed by QIC, which is a Queensland Government
owned corporation. QIC was created in 1991 and is operated separately from theQueensland Government.

This is the first Climate Bonds Certification for shopping centres.

The proceeds will be used to refinance the redevelopment of three shopping centers
in Australia.
These are located in Toowoomba, Queensland; Melbourne; and the Gold Coast. The
redevelopments are ongoing and are due to complete in 2020. Upon completion, theexpected CO2 emissions reductions will exceed 34%, which is the thresholdrequirement for a 10 year bond.

Climate Bonds view

The Shopping Centre Fund owns 14 suburban shopping centers across Australia, witha total market value of approximately AUD 6.2 billion (USD 4.3 billion) in 2018.

Underwriters

National Australia Bank (NAB), Commonwealth Bank Australia (CBA)

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