Green Bond Fact SheetDNB Boligkreditt
Issue date: 19-Jun-2018 Maturity date: 19-Jun-2025 Tenor: 7Date: 14-Jun-2018

Issuer NameDNB BoligkredittAmount Issued

EUR1.5bn (USD1.7bn)

Country of risk

NorwayCBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeGreen Covered Bond

Green Bond Framework

Link to Framework

Second party opinion

N/A

Certification Standard

Low Carbon Buildings(Residential)

Assurance report

N/A

Certification Verifier

Sustainalytics

Green bond rating

N/A☐ 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

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

Firsts, records andcertifications
Proceeds description

DNB Boligkreditt intends to report annually to investors on allocation of proceeds. The
issuer has appointed a specialised green real estate consultant Multiconsult ASA todevelop a methodology for impact estimation and calculation. The impact report will
provide details on: i) estimated ex-ante annual energy consumption in KWh/m2 orenergy savings in MWh and ii) estimated annual GHG emissions reduced/avoided intons of CO2 equivalent. Information will be available on the issuer’s website.
DNB is Norway's largest financial services group and one of the largest in the Nordic
region in terms of market capitalisation. The Group offers a full range of financial
services, including loans, savings, advisory services, insurance and pension products
for retail and corporate customers.
This is the largest Certified Climate Bond from Scandinavia, so far, and the second one
from Norway.
Proceeds will finance new or existing Norwegian residential buildings that comply with
the Norwegian building codes 2010 (TEK10) or 2017 (TEK17) and compatible with CBI’s
proxy methodology for Residential Buildings:• House: TEK (Building Code) 2007
• Apartment TEK (Building Code) 2010

Climate Bonds view
Underwriters

ING, Credit Agricole CIB, DNB, LBBW, Unicredit

Deal comments
Credit Rating

1Pricing summary

The green covered bond debut that provided the clearest evidence yet of apossible “greenium” in the asset class.

Investors summary

The deal attracted more than €2 billion of demand from almost 100 accounts,according to ING. (source)

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