Green Bond Fact Sheet

Hang Lung Properties Limited

Date: 16-July-2018

Issue date: 13-July-2018 Maturity date: 13-July-2021 Tenor: 3Issuer Name

Hang Lung Properties
LimitedAmount Issued

CNY1bn (USD150m)

Country of risk

China

CBI Database

Included

Issuer Type1

Non-financialCorporate

Bond TypeGreen Bond

Green Bond Framework

N/A

Second party opinion

Lianhe Equator

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☐ Waste to energy☐ 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☐ 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

Hang Lung Properties Limited is an investment holding company mainly engaged inproperty businesses. It consists of three segments: Hong Kong Property Leasing
segment deals with the leasing of properties in Hong Kong. Mainland China Property
Leasing segment focuses on Mainland China. Hong Kong Property Sales segment isengaged in the development and sales of properties in Hong Kong. Its propertyportfolio includes commercial buildings, offices and residential and serviced
apartments.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters

Proceeds will be used to finance two of the firm’s construction projects, namely
Heartland 66 and Spring City 66. Both buildings have obtained a LEED Gold precertification and a Green Building Label of two-star or above, which is in line with
China’s Green Bond Support Project Catalogue (2015 edition). The issuer estimateddetailed environmental impacts, such as reductions in CO2, SO2 and NOx emissions,as well as water usage savings.
It’s good to see that both proposed construction projects have obtained green
building certifications. This issuance generates multiple environmental benefits
through energy efficiency and reduced water usage. We would like to see moretransparency related to the monitoring of proceed allocations and reporting system.
Bank of China, China Construction Bank

Deal comments
Credit Rating

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