Green Bond Fact Sheet
Volkswagen Immobilien

Date: 15-May-2018

Issue date: 02-May-2018 Maturity date: 02-May-2033 Tenor: 15
Issuer Name

Volkswagen
Immobilien

Amount Issued

EUR107m (USD127.9m)

Country of risk

Germany

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond Type

Schuldschein

Green Bond Framework

Link to Framework

Second party opinion

ISS-oekom

Certification Standard

Low Carbon Buildings(Residential)

Assurance report

N/A

Certification Verifier

ISS-oekom

Green 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 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

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

Proceed allocation will be reported annually in the issuer’s Green Bond Report andpublished on the website. Estimated ex-ante annual energy consumption inKWh/m2 or energy savings in MWh and estimated annual GHG
reductions/avoidance in tons of CO2e will also be reported.
Volkswagen Immobilien, a subsidiary of the Volkswagen Group, provides realestate services to customers in Germany. The company’s portfolio includes 62.5%
residential and 37.5% commercial properties.

Firsts, records andcertifications
Proceeds description

The deal is certified under the Low Carbon Buildings (Residential) Criteria of the
Climate Bonds Standard. Proceeds will be allocated to residential buildings whichhave obtained an EPC rating of B or above.

Climate Bonds view

Eligible categories within the Green Bond Framework also include office andlogistics buildings, but these asset classes have not been included in this deal or thecertification.

Underwriters

ING, LBBWDeal comments
Credit Rating
Pricing summary
Investors summary

171.5% was allocated to tenors of 10, 12 and 15-years. The deal attracted
approximately 30 investors from savings, coop banks, bank treasuries, charities,
insurance companies, funds and pension funds. 53% was allocated to institutional
investors.

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