Green Bond Fact Sheet

North Texas Municipal Water District

Date: 28/08/2020

Issue date: 15-08-2020 Maturity date: 01-06-2050 Tenor: 30Issuer nameNorth Texas Municipal
Water District

Amount issued

USD35.1m

Country of risk

USA

CBI Database

Included

Issuer type1

Local Government

Bond type

US MuniGreen bond framework

N/A

Second party opinion

Kestrel VerifiersCertification 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
☐ Flood protection☐ 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

Until maturity of the bond on an annual basis on EMMA, North Texas Municipal Water
District will submit continuing disclosures to the Municipal Securities Rulemaking Board andwill also provide reports in the event of material developments. In addition to that, there will
be project updates in annual reports and on projects website.
North Texas Municipal Water District is a political subdivision of the State of Texas createdin 1951. The district’s purpose is to provide a source of water supply municipal, domestic
and industrial use and for the treatment, processing and transportation of such water to its
thirteen member cities and other customers located in North Central Texas. The district isgoverned by a 25-member board of directors.

Firsts, records andcertifications
Proceeds description

The proceeds will go towards funds for the design and construction of the South Mesquite
Regional Wastewater Treatment Plant (WWTP) system peak flow management andexpansion phase I as well as the construction and inspection of the Rowlett Creek Regional
WWTP operations building. The construction and inspection of South Mesquite Regional
WWTP Solids Handling Improvements and the construction of the Rowlett Creek Regional
WWTP electrical improvement as well as the design of Floyd Branch Regional WWTP Peak
Flow Management will also be funded among other system improvements.

Climate Bonds view

This is the first US Muni from the state of Texas to obtain a Second Party Opinion for theirgreen issuance. We applaud this development that comes with post-issuance disclosure
which is not as common in the US Muni space.
WFSUnderwriters
Deal comments
Credit rating

AAA (S&P)

Pricing summary•••

Yield: 2.480%
Coupon: 2.500%
Price: 100.156%

Investors summary

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