New South Wales Treasury Corporation

Date: 11-Nov-2018

Issue date: 15-Nov-2018 Maturity: 5-Nov-2023 Tenor: 5 years
Issuer NameNew South Wales Treasury
Corporation

Amount Issued

AUD1.8bn (USD 1.3bn)

Country of risk

Australia

CBI Database

Included

Issuer Type1

Local Government

Bond Type

Senior unsecured

Green Bond Framework

Green Bond Framework

Second party opinion

N/A

Certification Standard

Low Carbon Transport, Water
Infrastructure

Assurance report

N/A

Certification Verifier

EY

Green bond rating

N/A

Use of Proceeds☐ 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
☐ 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☐ 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 will release the proceed allocation report on an annual basis, which will bepublished on the issuer’s website. An impact report with details on the environmental
characteristics of the projects may also be published.

Company information

New South Wales Treasury Corporation manages the public finances of New South
Wales State. This is the most populous state in Australia, with a population of 7.5
million. It is currently investing in a AUD $87 billion infrastructure programme across thestate.

Firsts, records andcertifications

Largest green from an Australian issuer and third green issuance from an Australianmunicipality following Treasury Corp Victoria in July 2016 and Queensland Treasury
Corp in March 2017.

Proceeds description

Proceeds of the debut deal will be used to finance and refinance the construction of theSydney Metro Northwest and Newcastle Light Rail projects, as well as water treatment
systems projects including the Quakers Hill and St Marys Water Recycling Plants Processand Reliability Renewal. Future deals may also allocate proceeds to other transportrelated infrastructure.

Climate Bonds view
Underwriters

ANZ, NAB

Deal comments
Credit Rating

AAA (S&P); Aaa (Moody’s)

Pricing summary
Investors summary

1The bond was allocated as follows: 70% to asset managers, 14% to bank balance
sheets, 8% to institutions, 5% to trading desks and 3% to hedge funds. Geographically,
82% went to Australia, 7% to Europe, 4% to both the UK and Asi,; and 3% to the US.
(source)

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