Green Bond Fact Sheet

Nacka Kommun

Date: 26-Jun-2018

Issue date: 8-Jun-2018 Maturity date: 8-Jun-2022 Tenor: 4Issuer Name

Nacka Kommun

Amount Issued

SEK500m(USD57m)

Country of risk

SwedenCBI Database

Included

Issuer Type1

Local Government

Bond TypeGreen Bond

Green Bond Framework

Link to Framework

Second party opinion

CICERO (not publiclyavailable)

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☐ 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☒ Waste management☒ Recycling☐ Waste prevention☒ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ 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

The issuer will report on proceed allocation, buildings energy use and installed capacity ofrenewable energy projects (kWh) in its annual investor letter, which will be published on
Nacka municipality’s website.

Nacka kommun is a municipality in the Stockholm County, Sweden.

Firsts, records andcertifications
Proceeds description

The municipality’s Green Bond Framework lists a range of eligible categories
including renewable energy assets, clean transport, waste and water management,adaptation and energy efficiency measures that reduce energy consumption by atleast 25%. For new buildings, the eligibility criteria are: certification of at least
Miljöbyggnad Silver, BREEAM/BREEAM in-use Very Good or the Nordic Swan
Ecolabel, or at least 25% lower energy consumption per m2 compared to current
regulations. Building upgrades need to target at least 35% reduction in energy
consumption KWh/m2/year to qualify.

Climate Bonds view

This is the second Swedish municipality to enter the green bond market in 2018.
Local governments now account for USD2.5bn, or 17% of the country’s total green
bond issuance.

Underwriters

SEB

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