Green Bond Fact Sheet
Vacse AB

Date: 8-Jun-2018

Issue date: 07-Jun-2018 Maturity date: 07-Jun-2022 Tenor: 4Issuer Name

Vacse AB

Amount Issued

SEK500m (USD57.5m)

Country of risk

SwedenCBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypeGreen Bond

Green Bond Framework

Link to Framework

Second party opinion

CICERO

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

The issuer will report annually on proceed information and environmental impact indicatorsof the projects/ assets, where available. The report will be verified by an external party andpublished on the issuer’s website.

Vacse is a Swedish management and development company that mainly rents its
properties to public and local authorities and administration. The company’s total
real estate value is around SEK5bn.

Firsts, records andcertificationsProceeds description

The deal will finance green buildings, solar or geothermal energy and cleantransportation infrastructure. The minimum eligibility criteria for properties are: i)green building certification of LEED Gold, BREEAM-SE Excellent or Miljöbyggnad
Silver for new buildings, and BREEAM-In use Very Good or Miljöbyggnad Silver forexisting buildings, and ii) at least 20% lower energy usage for new and 25% forexisting properties than is required by the Swedish National Building Code. Otherassets/projects related to improving the energy performance of existing buildings –such as LED lighting, geothermal heating/cooling and ventilation system upgrades –are also eligible.

Climate Bonds view

Combining high green building certification levels with a minimum energy usage
improvement threshold provides a better assurance of the energy performancelevels of the financed properties.

Underwriters

Handelsbanken

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