Green Bond Fact Sheet

Fana Sparebank Boligkreditt

Date: 23/01/2020

Issue date: 18-12-2019 Maturity date: 18-09-2024 Tenor: 5Issuer Name

Fana Sparebank
BoligkredittAmount Issued

NOK300m/USD33m

Country of risk

NorwayCBI Database

Included

Issuer Type1

Financial Corporate

Bond Type

N/A

Green Bond Framework

N/A

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 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

Fana Sparebank will report on the green bond at least on an annual basis until full allocationof proceeds, and after that whenever there are material changes to eligible asset pool. The
report will be published on the Bank’s website and will also include impact information withmetrics specific to each sector as follows:
Buildings:• Annual energy consumption and energy savings (MWh)• Estimated annual reduction of CO2 emissions (tCO2e)
Clean transportation:• Number of vehicles funded, and an estimated annual reduction/avoidance ofemissions (tCO2e)
Renewable energy:• Generation capacity (MWh)• Estimated annual emissions avoided (tCO2e)
Fana Sparebank Group is a local savings bank established over 140 years ago and based inBergen, Norway. The Group consists of Fana Sparebank, Fana Sparebank Eiendom and Fana
Sparebank Boligkreditt, with a total of about 150 employees.

Firsts, records andcertifications
Proceeds description

The bond will finance loans towards the following categories:•••

New or existing residential and commercial green buildings with a BREEAM
Certification at minimum level of Excellent or a minimum Energy Performance
Certificate level of B (A for newly constructed properties)
Clean transportation (hydrogen and electricity-powered vehicles); andRenewable energy installations (small scale hydropower and on- and offshore
wind power).

Climate Bonds view

Fana Sparebank is the 8th Norwegian financial corporate to issue a green bond, bringing thesegment’s total to USD5.9bn equivalent. The issuer’s robust framework and extensive
disclosure commitment is laudable and demonstrates that even smaller banks canparticipate in scaling up green finance across multiple sectors.

Underwriters

N/A

Deal comments
Credit Rating
Pricing summary
Investors summary

N/A

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