Green Bond Fact Sheet

MünchenerHyp
Issue date: 08-11-2018 Maturity date: 13-12-2023 Tenor: 5.1

Date: 20-Nov-2018

Issuer Name

MünchenerHyp

Amount Issued

EUR500m (USD568m)

Country of risk

Germany

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeCovered Bond

Green Bond Framework

N/A

Second party opinion

ISS-oekom

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

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
ReportingMünchenerHyp commits to report annually about the company’s corporate
responsibility strategy by providing key performance indicators which have been
selected taking into account GRI requirements. Allocation of proceeds is also
disclosed annually on the company’s website. Disclosed information will include: i)details, such as number and volume of green loans financed, separated into retailand commercial lending in the cover pool, and ii) share of unallocated proceeds.
Additionally, MünchenerHyp commits to provide impact reporting, disclosing
metrics such as CO2 emissions avoided and average energy consumption.

Company information

Münchener Hypothekenbank eG is the partner for the German cooperative banks(Volksbanken and Raiffeisenbanken) for providing the full spectrum of residential
and commercial property financing requirements.

Firsts, records andcertifications

MünchenerHyp’ s first ESG Pfandbriefe issuance.

Proceeds description

Climate Bonds view

Proceeds are allocated to (re)-finance residential and commercial property
mortgages. Residential mortgages are eligible for residential buildings with amaximum annual energy performance of 70kWh/m2 or that have obtained anenergy performance certificate of “B” or above (on a scale of H to A+). Forcommercial properties, mortgages are eligible for projects that have obtained oneof the following energy certificates: DGNB (min. Gold or Platinum), BREEAM (min.
Very good or Platinum), LEED (min. Gold or Platinum), HQE (min. Excellent orExceptional), or 15% of national building stock by energy performance.
This is the fifth covered bond to be issued by a German green bond issuer this year,
taking the country’s 2018 cumulative total to USD7.5bn.

Underwriters
Deal comments
Credit Rating

Aaa (Moody’s)

Pricing summary
Investors summary

Greatest interest from German investors, who account for 63% of the issue
volume, followed by Scandinavian and UK investors. Banks formed the largest
group of investors, accounting for 44% of the volume, followed by asset managers
and funds with 37%.

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