Green Bond Fact Sheet

FicoloDate: 15/10/2019

Issue date: 02-10-2019 Maturity date: 02-10-2023 Tenor: 4
Issuer Name

FicoloAmount Issued

EUR20m/USD21.8m

Country of risk

Finland

CBI Database

Included

Issuer Type1

Non-financial corporate

Bond TypeGreen Bond Framework

N/A

Second party opinion

CICERO

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☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ 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
Reporting

The board of directors will be in charge of the reporting and the information will be provided forinvestors on an annual basis on Ficolo’s website. Information on the following matters will be
disclosed:- the power usage effectiveness ratio on an individual data center level- Ficolo’s environmental policy- Confirmation of 100% renewable energy usage in all of the data centers- Further information on financing and refinancing shared
There will be no external review for the reporting.

Issuer information

Ficolo is a Finnish cloud delivery service provider with locations in Pori, Tampere and Helsinki.
It was founded in 2011 and their services range from colocation to managed multi-cloud andconnectivity. Ficolo has extensive environmental policies in place that were established in 2011
when the company was founded.

Firsts, records andcertificationsFirst green high yield bond to be issued in Finland.
First green bond to be issued by a privately-owned company in Finland.

Proceeds description

The proceeds will go towards financing data centers which includes the construction andacquisition of such (or companies that operate data centers) which are operated solely by
renewable energy. All of these will be subject to Ficolo’s environmental policies. Refinancing
will make up approximately 25%. Investments in fossil fuel related projects are excluded.

Climate Bonds view

Ficolo joins the green bond market as the 6th issuer from Finland. The bond marks two firsts
for the Finnish GB market: the first green bond to be issued by a privately-held company andthe first green high yield instrument. ICT financing is still rare in the green bond market and it isencouraging to see new issuers, especially where 100% of the proceeds are dedicated to thispurpose and especially since the data centres are entirely powered by renewable energy. Way
to go!

Underwriters

Taaleri Wealth Management

Deal comments
Credit Rating
Pricing summary•Coupon: 5.5%

Investors summary

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