Green Bond Fact Sheet
Ana Holdings
Issue date: 24-Oct-2018 Maturity date: 24-Oct-2028 Tenor: 10Date: 29-Oct-2018

Issuer Name

Ana Holdings

Amount Issued

JPY10bn (USD89m)

Country of riskJapan

CBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond Type

Senior unsecured

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

GA1 (R&I)☐ 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☐ Wastewatertreatment☐ 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☐ 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

Use of Proceeds☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingThe issuer will disclose proceeds allocation and impact reporting in its annual report, which
will be publicly available on the issuer’s website.

Company information

ANA Holdings Inc. is the holding company of ANA Group, whose core company is Japan's
largest airline All Nippon Airways Co., Ltd.

Firsts, records andcertificationsFirst Japanese company in the airline sector to issue a green bond.

Proceeds description

Proceeds will finance the construction of a new energy efficient building, which will be used
as a training centre and is expected to open in March 2020. The property will feature
various energy efficient components including solar power generation equipment, LED
lighting and natural ventilation. The building is designed to achieve a 33% Energy Reduction
Ratio (ERR) under the Tokyo Metropolitan Government’s Green Building Program,corresponding to a Rank 3 or the highest of three levels. This rank level is equivalent to an
A-rank of the CASBEE certification.

Climate Bonds view

The Tokyo Metropolitan Government Green Building Program targets newly constructedbuildings in Tokyo with a total floor area of over 5,000 m2. The system – in line with CASBEE– evaluates four fields: efficient energy use, appropriate use of resources, preservation ofnatural environment and mitigation of the heat-island effect. Within each field there areseveral items, such as the ERR, which are rated using a 3-point rating scale, 3 being thehighest.
Comprehensive Assessment System for Built Environment Efficiency (CASBEE) is a method
for evaluating and rating the environmental performance of buildings and the built
environment. It is a comprehensive assessment of the quality of a building, evaluating
features such as interior comfort and scenic aesthetics, in consideration of environment
practices that include using materials and equipment that save energy or achieve smaller
environmental loads. The CASBEE assessment is ranked in five grades: Superior (S), Very
Good (A), Good (B+), Slightly Poor (B-) and Poor (C). We would like to see more buildings
ranked A or S being funded by green bonds.

Underwriters

Nomura, Mizuho, SMBC

Deal comments
Credit Rating

A (JCR), A- (R&I)

Pricing summary
Investors summary

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