Green Bond Fact Sheet

Xior Student Housing

Date: 27/04/2020

Issue date: 13-04-2020 Maturity date: 13-04-2032 Tenor: 12Issuer nameXior Student Housing

Amount issued

EUR100m/USD109m

Country of risk

Belgium

CBI Database

Included

Issuer type1

Financial Corporate

Bond type

Private Placement

Green 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☒ Energyperformance☐ 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
☐ 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
ReportingCompany information

There will be allocation reporting to lenders and investors until proceeds have been fullyallocated. This report contains the total amount outstanding, the amount of unallocatedproceeds and allocation of the net proceeds to the portfolio. It also includes information on
the composition of the portfolio, geographic split of the portfolio, share of financing andrefinancing and an overview of eligible projects. Impact measures will be disclosed annually
as well through ESG reporting included in the annual report.
Xior Student Housing NV is Belgian a real estate company which specializes in the student
housing market. It operates in Belgium, the Netherlands, Spain and Portugal. As of 2019 thecompany held 104 buildings in their portfolio.

Firsts, records andcertifications
Proceeds description

The eligible categories for financing/ refinancing are:- development or acquisition of new and/or existing green buildings in Belgium, theNetherlands, Spain and Portugal that fall within the top 15% best performing threshold of
the total stock, as determined by national EPC label designations- renewable energy generation and transmission such as rooftop solar photovoltaic, windand geothermal energy- a variety of energy efficiency projects including appliances, equipment upgrades, energy
storage and smart grids- pollution prevention and waste management in order to achieve higher recycling rates
and waste prevention- clean transport which will include finance bike sheds and electric vehicles charging
stations- water management reducing potable water consumption for example through rainwaterrecycling, water saving landscape design or grey water treatment systems

Climate Bonds view

Underwriters
Deal comments
Credit ratingWith overall issuance of USD9.1bn from Belgium (90% of which are Sovereign green bonds),
the country has potential to ramp up its green financing. Xior Student Housing is the second
Belgian financial corporate to issue a green bond and the third to finance waste projects.
Their framework covers a broad spectrum of eligible projects in five different categories. It
also promises good post-issuance reporting (allocation and impact) which provides
transparency to the market and investors. Since the company operates in the Netherlands,
Spain and Portugal, the deal is poised to create positive climate impact beyond Belgianborders.

Pricing summary
Investors summary

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