Protisa Peru

Date: 29-Nov-2018

Issue date: 23-Oct-2018 Maturity date: 23-Oct-2024 Tenor: 6Issuer NamePROTISA Peru

Amount Issued

PEN100m (USD30m)

Country of riskPeru

CBI Database

IncludedIssuer Type1

Non-financial
corporate

Bond TypeGreen Bond Framework

Link to Framework

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☐ 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☒ 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☐ Waste to energy☐ Industry: components ☐Adaptation & resilience

Senior unsecured

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

Reporting will take place annually up until full use of proceeds. The available
amount, in line with market price, shall be fully allocated within two years of thebond issuance. Always in line with market standards, frequency should be annual
and include impact metrics like energy saving (MWh/tonne of product), PM
reduction (µg/m3) and water saved (m3 per year).

Company information

Protisa is a Chilean company which has been operating in Peru since 1995 andmanufactures tissue products. It is part of Compañía Manufacturera de Papeles yCartones (CMPC), the world's largest pulp manufacturers and one of the largest
companies in Latin America, employing around fifteen thousand people.

Firsts, records andcertifications

Second green bond from a Peruvian issuer following Energia Eolica’s USD204m
green bond in 2014.

Proceeds description

Proceeds will be spent mostly to promote sustainable water management andenergy efficiency. Investments to reduce pollution, use of water and of energy willtake place for the Cañete Paper machine. Part of the disbursements will beallocated for Cañete’s Clarified Water Recirculation and Waste Water Treatment
Plants. Secondary Water Treatment System will be also established for anotherlocation.

Climate Bonds view

CMPC is one of the largest manufacturers of paper in the world. As paper
manufacturing is an energy intensive activity, any contribution to greening theindustrial process is welcome as its impact could be quite substantial. It isparticularly valuable in this case that impact metrics will be reported annually andwill be calculated relative to a baseline benchmark and targets.

Underwriters
Deal comments
Credit Rating

AA (not specified)

Pricing summary

6,625% interest rate

Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government,
non-financial corporate, sovereign