Green Bond Fact SheetSYCTOM

Date: 01/05/2020

Issue date: 30-04-2020 Maturity date: 30-04-2030 Tenor: 10
Issuer name

SYCTOM (Agence
Métropolitaine desDechets Menagers)

Amount issued

EUR15m/USD17m

Country of risk

FranceCBI Database

Included

Issuer type1

Government-Backed
EntityBond typeSr Unsecured

Green bond framework

N/A

Second party opinion

Vigeo Eiris

Certification Standard

Not certified

Assurance report

N/A

Certification verifier

N/AGreen bond rating

N/A (XXX)☐ 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☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emissionvehicles☐ 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
☐ Flood protection☐ 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☒ Waste to energy☐ 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

The issuer has committed to report annually on financial indicators and on performance andenvironmental impact indicators at project level - starting one year after the issuance anduntil the full allocation of funds. The annual report will be made publicly available on its
website.
The Syctom is responsible for the treatment of household and similar waste collected by its
member local authorities and oversees their recovery in the form of both materials andenergy.

Firsts, records andcertifications
Proceeds description

The net proceeds of the bonds will exclusively finance or refinance, in part or in full,projects falling under two green project categories, namely: waste collection, management
and treatment and waste-to-energy. We consider the eligible categories to be clearlydefined.

Climate Bonds view

This project is a welcome development as it will help to reduce GHG emissions byreducing the amount of waste going to landfill and recover energy from waste
which would otherwise go to landfill. It helps to fill the financing gap and investor
appetite for such projects as highlighted both in our European Green Bond Investor
Survey as well as the new Waste Management and Circular Economy Sector
Briefing.

Underwriters
Deal comments
Credit rating
Pricing summary•••

Yield: 0.648%
Coupon: 0.648%
Price: 100.000%

Investors summary

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