Green Bond Fact Sheet

Benton Washington Regional Public Water Authority of the Stateof Arkansas

Date: 14/11/2019

Issue date: 01-11-2019 Maturity date: 01-10-2044 Tenor: 24.9
Issuer Name

Benton Washington
Regional Public Water
Authority of the State ofArkansas

Amount Issued

USD59mCountry of risk

USA

CBI Database

Included

Issuer Type1

Government-Backed
EntityBond TypeUS MuniGreen Bond Framework

N/A

Second party opinion

Certification Standard

Not certified

Assurance report

BAM Greenstar

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☐ Energy performance☐ 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☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ 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☐ Waste to energy☐ 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
ReportingIssuer information

No reporting commitment stated.
Benton Washington Regional Public Water Authority of the State of Arkansas provides retail
and wholesale water supply services in Northwest Arkansas with the goal to provide safe, cleanand sufficient water supply.

Firsts, records andcertifications
Proceeds description

The proceeds will be used to refund the authority's water revenue refunding bonds and tofinance the costs of acquiring, constructing and equipping extensions, betterments andimprovements to the Authority's water facilities. This includes the acquisition and installationof water lines, the installation of a ground storage tank, installation and equipping of a highservice pump and motor as well as the relocation of a water main.

Climate Bonds view

This is the largest issuance from Arkansas so far which is a good sign. All deals (overall 4 fromthat region) obtained assurance from BAM GreenStar. We do encourage post-issuancereporting.

Underwriters

Crews & Associates Inc

Deal comments
Credit Rating

AA (S&P)

Pricing summary•••

Coupon: 3.200%
Issue price: 98.811%
Issue yield: 3.270%

Investors summary

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