Green Bond Fact Sheet
Terna Energy Finance
Issue date: 22-10-2019

Date: 31/10/2019
Maturity date: 22-10-2026 Tenor: 7 yearsIssuer Name

Terna Energy FinanceAmount Issued

EUR150m/USD167m

Country of risk

GreeceCBI Database

IncludedIssuer Type1

Non-Financial Corporate

Bond Type

Common Bond Loan

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Climate Bonds Standard
v2.1 including Criteria:
Wind

Assurance report

Pre Issuance Verification

Certification Verifier

EY

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☐ Energy performance☐ 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☐ 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

Allocation reporting will be available to investors within one year after the bond issuance. Theissuer intends for all the proceeds to be allocated within this first year.
There will also be quantitative details on the wind projects in the annual publicly available CSR
reports.

Company information

The issuer is a subsidiary of GEK Terna, which is a top 25 largest company listed on the Athens
Stock Exchange. Terna Energy is a renewable energy developer and owner.
As of September 2019, Terna Energy has a portfolio of 651MW of wind generation across 4
different sites in the US. In total, it currently has 1.36GW of wind generation installedworldwide, including in Greece.

Firsts, records andcertifications

This is the first Certification to be awarded to an issuer based in Greece. It is also the first
Certification linked to wind farms in the US.

Proceeds description

The proceeds will be used to finance (60%) and refinance (40%) the development of windfarms in 14 sites across Greece and 1 in the US.
The sites in Greece have a combined installed capacity of 218MW and a development cost ofEUR289m (USD318m).
They are located in the following places:
9 sites in Euboea, an island in eastern Greece
5 sites in Central Greece

Climate Bonds view
Underwriters

The Bearkat wind farm in Texas has an installed capacity of (197MW) and a development costof USD255m.
EBRD subscribed to EUR18m
Piraeus Bank, Alpha Bank

Deal comments
Credit Rating
Pricing summary
Investors summary1

2.6% coupon
65% allocated to private investors, 35% to institutional investors

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