Green Bond Fact Sheet

BKS Bank AG

Date: 28-Jun-2018

Issue date: 11-Feb-2017 Maturity date: 30-Apr-2023 Tenor: 6.2
Issuer NameBKS Bank AG

Amount Issued

EUR3m(USD3.19m)

Country of risk

Austria

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeGreen Bond

Green Bond Framework

N/A

Second party opinion

RUF

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 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
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ 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

BKS Bank AG is a universal bank headquartered in Klangenfurt, Carinthia (Austria).

Firsts, records andcertificationsFirst Austrian commercial bank to issue a green bond.

Proceeds description

The bond proceeds were earmarked for a loan from BKS Bank to power company
Hasslacher Energie GmbH to finance the replacement of an existing smallhydropower plant on the Liesser river in the state of Carinthia, Austria. The newplant increased the power output from 1MWh to 1.8MWh and has a higher energy
performance. It became operational in 2017 and generates around 10GWh
annually. According to RUF’s SPO, Hasslacher Energie has also implemented
measures to minimize the environmental impacts of the project, such as
management of erosion risk, residual water flow and biodiversity conservation.

Climate Bonds view

Modernising existing hydropower assets has lower potential of triggering negativeenvironmental impacts compared to the construction of new assets. The SPO
provides some assurance on the measures undertaken by Hasslacher Energie tolimit environmental risks. However, the issuer does not set out a reporting process
aimed at disclosing the actual impacts of the projects. In the future, we would liketo see more details regarding the power density or emissions (gCO2/kWh) of theasset.

Underwriters

BKS Bank

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