Green Bond Fact Sheet
City of Columbia, South Carolina

Date: 20-Dec-2018

Issue date: 19-Dec-2018 Maturity date: 01-Feb-2048 Tenor: 30Issuer NameCity of Columbia

Amount Issued

USD37.9m

Country of risk

USA

CBI Database

Included

Issuer Type1

Local Government

Bond TypeUS MuniGreen Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Water Infrastructure

Assurance report

N/A

Certification Verifier

Sustainalytics

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

An annual report will be published on the EMMA website.

Company information

Columbia is the state capital of South Carolina, which is the 23rd most populous statein the US. Columbia has a population of approximately 134,000.

Firsts, records andcertificationsFirst Certified Climate Bond from South Carolina and second South Carolina issuer toenter the green US Muni bond market.

Proceeds description

Climate Bonds view

Underwriters

The deal is the first Certified Climate Bond from a US local government outside thestates of New York and California. This is also the first Certified Climate Bond thatcontains both Engineered and Nature-Based water assets. Proceeds will finance andrefinance stormwater assets that fall under the Engineered or Nature-Based Water
Infrastructure Criteria.
As highlighted in our US Muni briefing earlier this year, the water sector accounts for
64% of the identified climate-aligned bond universe for US municipal agencies. This
points to a significant opportunity for US agencies to leverage the green bond market
to finance water-related projects. This Certified deal sets a benchmark for other US
Muni issuers to follow.
SIEBERT CISNEROS SHANK

Deal comments
Credit Rating

Aa2 by Moody’s and AA+ by S&P.

Pricing summary
Investors summary

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