Green Bond Fact SheetWhite Peak Real Estate Investment

Date: 07/04/2020

Issue date: 05-07-2019 Maturity date: 05-07-2022 Tenor: 3Issuer name

RE IV Ltd (White PeakReal Estate)

Amount issued

SEK600m/USD64m

Country of risk

China

CBI Database

Included

Issuer type1

Non-FinancialCorporate

Bond type

SecuredGreen bond framework

Link to Framework

Second party opinion

CICERO

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 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

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
Reporting

There will be allocation reporting in form of an annual investor letter. This includes a list offinanced assets, a selection of investment examples as well as a summary of White Peak’s
green finance development which will be made public on White Peak’s website.
The issuer will also provide annual impact reporting on the eligible asset portfolio on projectby-project basis which will be reported as estimates in accordance with legislation andestablished and credible standards and processes. The reported impacts include:- achieved certifications- energy performance per square meter- estimated annual amount of energy savings in relation to applicable national codes andregulations (i.e. Residential Building Energy Conservation Design Standards JGJ26-2010)- the methodology of measuring these impacts will be disclosed
No follow-up reporting after completion of the project will be provided.

Company information

White Peak is a Swedish real estate company headquartered in Beijing and maintainingoffices across China. It focuses on property investment and development in China and aims
to transfer Swedish management perspectives to property development in China.
Particularly White Peak wants to establish sustainable development and green
performance best practices in China. It plans and develops the building projects, but does
not operate, manage or maintain the buildings after project completion. White Peak has
360 employees.

Firsts, records andcertifications
Proceeds description

Eligible projects under the established framework include financing and refinancing
commercial and residential building projects. They need to achieve at least 20% energy
savings compared to the applicable Chinese national standard JGJ26-2010 and need to becertified or are to be certified according to two out of five certification schemes. At least
one of the certifications will come from the Chinese Green Building Star Label, BREEAM orLEED system. In addition to that, the buildings must be located in areas of well-establishedpublic transport plans. If there are no centralised heating sources provided, only renewableenergy is utilized.

Climate Bonds view

It is great to see how this business is trying to apply their sustainable property management
practices to other markets abroad and financing this with green bonds. Sharing knowledge
and practices across borders can be very valuable to push the sustainable agenda forward.
We hope to see more issuance from White Peak Real Estate Investment to fund suchprojects.
SEB

Underwriters

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