Green Bond Fact Sheet

Agrosuper

Date: 03-Apr-2019

Issue date: 30-10-2018 Maturity date: 30-10-2025 Tenor: 7
Issuer Name

Agrosuper

Amount Issued

USD100m

Country of risk

Chile

CBI Database

IncludedIssuer Type1Loan

Bond Type

N/A

Green Bond Framework

N/A

Second party opinion

N/A

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☐ 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
ReportingCompany information

Agrosuper is the largest producer of animal protein in Chile, also with a presence inthe global market. Its products mainly include chicken, pork, turkey, salmon andother processed productsFirsts, records andcertifications

This is the first Chilean green loan, as well as the first green finance product used
for agricultural purposes in the country

Proceeds description

Used to finance Agrosuper’s sustainable agriculture activities, in particular within
its salmon business. Partly used to finance multiple acquisitions in the salmon
industry (especially linked to lower antibiotic use), certify production centres underASC (Aquaculture Stewardship Council), and work with neighbouring communities
of its production facilities

Climate Bonds view

Global agriculture-related issuance is still very low, so it is good to see some,
especially from Latin America, a region with huge potential. This green loan follows
CMPC’s 2017 green bond, also related to the food industry, but whose proceeds
were used for many types of projects. Agrosuper’s loan takes the total Chilean
issuance to almost USD700m, and may support further Latin American issuancelinked to land use/agriculture.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

1

Rabobank (as the sole lender)

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