Green Bond Fact Sheet

CAAB Energia

Date: 29/07/2020

Issue date: 29-05-2019 Maturity date: 30-06-2033 Tenor: 14.1
Issuer name

CAAB Energia S.p.A

Amount issued

EUR8.4bn/USD9.3bn

Country of risk

Italy

CBI Database

Included

Issuer type1

Non-FinancialCorporate

Bond typeSr Secured

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 emission
vehicles☐ 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

CAAB is fully owned by a consortium of public and local bodies of which 80% is owned by
the Municipality of Bologna and has the largest rooftop portfolio in Europe.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters

The project bond refinances a portfolio of 15 operational solar plants located on the roof offacilities of food distribution group Centro Agro Alimentare di Bologna. CAAB will use theproceeds to purchase SPVs and will provide SPVs with Shareholder Loans to repay in fulleach Existing Facilities.
CBI welcomes another Italian project bond that finance the green energy sector. Issuinglong-term senior secured bonds/notes backed by assets can be a good way to fund green
projects. The CAAB rooftop plants mix feed -in-tariff and onsite self-consumption, the latterof which will cut energy cost, increase profitability, enhance security of energy supply andreduce carbon footprint of the food distribution group. CBI encourages more industrial andcommercial companies to become renewable energy self-consumers.
Foresight Group LLP

Deal comments
Credit rating

N/APricing summary••Investors summary1

Coupon: 4.97%
Price: 100%

This bond is fully subscribed by Foresight Italian Green Bond Fund, which is sponsored by
Filizola S.r.l. and Pagano & Ascolillo S.p.A.

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