Green Bond Fact Sheet

New World China Land

Date: 19-Dec-2018

Issue date: 18-Dec-2018 Maturity date: 05-Dec-2023 Tenor: 5Issuer Name

New World China
Land Limited

Amount Issued

USD310m

Country of risk

China (Hong Kong)

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypeGreen Bond

Green Bond Framework

Link to Framework

Second party opinion

Sustainalytics

Certification Standard

N/A

Assurance report

HKQAA

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 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
☐ 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☐ 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
ReportingCompany information

This green bond is issued under NWD's Green Finance Framework. Independently
verified by Sustainalytics, the Framework requires annual reporting on its corporatewebsite citing appropriate building/ landscape certifications and ongoing impacts
such as energy and water consumption.
NWC is principally engaged in property development in tier 1 and 2 cities in themainland China, with strengths in large-scale mixed-used complexes, skyscrapers
and residential neighbourhood projects. It currently has projects spanning 17
major cities in China including Beijing, Guangzhou, Shenzhen, Wuhan and Ningbo.
As at 30 June 2018, its total land bank of properties under development orplanning had a gross floor area of approximately 9.3 million sqm.

Firsts, records andcertifications
Proceeds description

The proceeds will be primarily used to finance two LEED certified buildings in theGreater Bay Area in China. The Qianhai CTF Finance Tower is a mixed-use twin-towerwith total area of 180,100 sqm. Due for completion by the end of 2021, the Qianhai
CTF Finance Tower has already earned LEED Gold-level Pre-certification and expects
to earn a WELL healthy building standard’s Gold-level Pre-certification and a threestar rating under the China Green Building Evaluation Standard in 2019.
The New World Zengcheng Comprehensive Development Project is a large-scale
residential and commercial complex of 250,000 sqm. The project will be completed
in 2021 and is currently undergoing LEED Gold pre-certification assessment andexpects to attain a two-star rating under the China Green Building Evaluation
Standard next year.

Climate Bonds view

When it comes to green buildings, we strongly encourage issuers to aim at highest
levels of green building certification as part of their eligibility criteria and to disclose
the achieved certifications. The two projects finance by the deal have and are
expected to achieve both LEED Gold and China’s domestic Green Building Evaluation
Standard (3-star and 2-star respectively), which strengthens their green credentials.

Underwriters

HSBC, ZUHO, BNP

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