Green Bond Fact Sheet

Telia Co

Date: 21/02/2020

Issue date: 11-02-2020 Maturity date: 05-11-2081 Tenor: 61
Issuer Name

Telia Co

Amount Issued

EUR500m/USD556m

Country of risk

SwedenCBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond Type

Subordinated unsecured

Green Bond Framework

Link to Framework

Second party opinion

Sustainalytics

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
ReportingOn an annual basis, until full allocation of proceeds, Telia will publish a report on its website
with information on the allocation of Green Bond proceeds as well as environmental impact
indicators. The report will be made available to investors and will be based on the Company’s
financing share of the total investment.

Company information

Telia is a Swedish information and communications technology (ICT) company that is mostpresent in the Nordic and Baltic regions. It has approximately 24 million subscribers and20,400 employees.

Firsts, records andcertificationsFirst benchmark-sized deal, and the first deal issued in EUR, from Sweden in 2020.

Proceeds description

To finance and/or refinance investments in (i) Renewable Energy; (ii) Green Digital
Solutions; (iii) Energy Efficiency; and (iv) Green Buildings. These will mainly be related toimproving the energy performance of Telia’s networks and infrastructure, as well as
deployment of new infrastructure linked to IoT and 5G (includes R&D), and thedevelopment, acquisition and/or leasing, renovation of completed properties that haveachieved a green building certification level of BREEAM Excellent, LEED Gold ornational/international standards of an equivalent scope level.

It is also the first issuance from Sweden to finance ICT in 2020, and only the second from a
Swedish ICT company ever (following Millicom last year).

Climate Bonds view
Underwriters

BAML, Citi, Nordea, SEB

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