Green Bond Fact SheetBank of Ningbo Co.,LtdDate: 16-Jan-2019

Issue date: 26-Oct-2018 Maturity date: 26-Oct-2021 Tenor: 3Issuer NameBank of NingboCo.,Ltd

Amount Issued

CNY3bn (USD432m)

Country of risk

China

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeGreen Bond

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

EY

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

The bank states that the use of proceeds will be reported and receive external
assurance annually.
Bank of Ningbo’s business scope including: absorbing public deposits; issuing shortterm, medium-term and long-term loans; handling domestic and foreignsettlements; handling bill acceptance and discounting; issuing financial bonds;
acting for issuance and agency redemption; trading government bonds, financialbonds; engaging in interbank lending; engaging in bank card business; providing
letter of credit services and guarantees; acting as payment and agency Providing
safe deposit box services; Other businesses approved by the China Banking
Regulatory Authority, the People's Bank of China and the State Administration ofForeign Exchange.

Firsts, records andcertifications
Proceeds description

The proceeds will be allocated to 14 projects under four categories: low carbon
transport (buses and public transport systems), waste water treatment (existingwaste water treatment facilities expansion and new facility development),
recycling and water management (flood defence and water treatment). The issuer
has disclosed examples of eligible projects, as well as detailed impact metrics.
Examples listed in the prospectus include:(1) Clean transportation project – purchasing of 76 buses by a public
transportation company in order to increase capacity.
(2) Clean energy project, which is a distributed photovoltaic power generation
system. The estimated annual average power generation is 6,084,300 kWh,with 2148 tons of standard coal to be saved every year, 189.6 tons of SO2
emission reduction, 16.02 tons of NOx emissions reduction, and 5,391.1275
tons of CO2 emission reduction.
(3) The project of ecological protection and adaptation to climate change carries
out water system adjustment to improve the flood control and drainage
capacity of the area and eliminates the long-term black and foul water bodyand changes the appearance of the river channel. The project will effect on 6city-level rivers, 6 district-level rivers and 20 town-level rivers with a total
length of about 168,111m.
(4) A sewage treatment plant expansion project to increase the water output
capacity. It is expected to reduce pollutants in the river basin (COD expected tobe reduced to 50mg/l and the BOD to be reduced to 10mg/l.), improve thelocal water environment, ensure the safety of local drinking water uponproject completion.
(5) A copper-aluminium regeneration and deep processing project. The project
purchases copper-aluminium alloy mixed scraps such as scrap copper, scrap
aluminium, automobile motors, copper-aluminium water tanks, and is crushed,sorted, and smelted into copper alloy rods and aluminium alloy ingots. It isestimated that 126,000 tons of scrap metal scrap will be processed annually,
and the expected recovery rate is 98.0%. Compare with virgin metal
production, the recycled copper per ton is equivalent of saving 1,054 kg ofstandard coal and 395 cubic meters of water.
Climate Bonds view

Underwriters

The financed projects are aligned with the Climate Bonds Taxonomy and the issuer
shows commitment to align to best practice by including expected impacts ofprojects at issuance.
CITIC, CMB

Deal comments
Credit Rating

AAA (CCXI)

Pricing summary
Investors summary

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