Green Bond Fact Sheet

North American Development Bank

Date: 13-Jul-2018

Issue date: 24-Jul-2018 Maturity date: 24-Jul-2026 Tenor: 8Issuer Name

North AmericanDevelopment Bank

Amount Issued

CHF125m (USD126m)

Country of risk

Supranational

CBI Database

Included

Issuer Type1

Development Bank

Bond TypeGreen Bond

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
☐ 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
Reporting

The issuer intends to report on proceed allocations annually.

Company information

The North American Development bank was created in 1994 by the governmentsof Mexico and the United States with the expressed mandate to support thedevelopment and implementation of environmental infrastructure projects that
help preserve, protect and enhance the environment of the border region toadvance the well-being of the people of the United States and Mexico. All projects
financed by NADB must demonstrate an environmental benefit.

Firsts, records andcertifications
Proceeds description

The deal will finance wind and solar projects, water & wastewater management,
waste management and energy efficiency. Examples of potential eligible energy
efficiency projects are municipal and commercial buildings upgrades, industrial
equipment retrofits and public lighting. Industrial emissions reduction projects areeligible under the waste category.

Climate Bonds view

The framework does not explicitly exclude projects related to fossil fuels. Industrial
equipment retrofits and industrial emissions reductions raise a red flag as they
could involve the funding of fossil fuel-based technologies. We will keep
monitoring the bond’s impact reporting to confirm that proceed allocations arealigned with the Climate Bonds Taxonomy.

Underwriters

Credit Suisse

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