Green Bond Fact Sheet

Gunma Bank

Date: 06/12/2019

Issue date: 26-11-2019 Maturity date: 26-11-2029 Tenor: 10Issuer Name

Gunma Bank

Amount Issued

JPY10bn/USD92m

Country of riskJapan

CBI Database

Included

Issuer Type1

Financial Corporate

Bond Type

UnsecuredGreen Bond Framework

N/A

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☐ Wastewater#treatment☐ 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

Gunma Bank intends to annually disclose information on proceeds allocation andenvironmental impact on its website. Allocation reporting will cover items such as theamount of proceeds allocated to each eligible category, the amount of unallocated proceeds,
and balance of its green bonds. Impact reporting will cover environmental impact metrics
such as CO2 reduction for renewable energy, energy efficiency, clean transportation as wellas the number of allocated buildings and types and levels of third-party certification obtained
or to be obtained for green buildings.
Gunma Bank is a regional bank which provides banking services as its core business, as wellas leasing, securities, consulting, guarantee and other services through its groupcompanies.

Firsts, records andcertifications
Proceeds description

Proceeds will finance a range of projects across sectors: renewable energy (solar,biomass, and hydro), energy efficiency, green buildings and green transportation (FCVsand EVs).
Energy from biomass will be sourced from waste products only, while hydro generation
is limited to very small projects (max 25MW installed capacity).
Energy efficiency underpins instalment of energy efficient equipment such as LED
lighting and air conditioning. Certification schemes such as CASBEE (S, A, or B+), DBJ
Green Building (five, four or three stars) and BELS (five, four or three stars) are used todetermine green buildings eligibility.

Climate Bonds view

Underwriters

CBI welcomes transparency around proceeds allocation towards more controversial
sectors, such as energy production from hydro and biomass. This facilitates evaluation forcompliance with the Climate Bonds Methodology.
SMBC, Nomura, MUFG, Daiwa, Mizuho

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