Green Bond Fact Sheet

University of Vermount and State Agricultural CollegeDate: 21/08/2019

Issue date: 21-08-2019 Maturity date: 1-08-2049 Tenor:30
Issuer Name

University ofVermount and State
Agricultural College

Amount Issued

USD38mCountry of risk

USA

CBI Database

Included

Issuer Type1

Government-backedentity

Bond TypeUS MUNI

Green Bond Framework

N/A

Second party opinion

N/A

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

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

Issue details
ReportingInformation not available on bond prospectus.

Issuer information

The University of Vermont and State Agricultural College is a public, non-profit, nonsectarian institution of higher education located in Burlington with satellite instructionaland research facilities. Responsibility for its affairs is vested in the hands of 25 members.

Firsts, records andcertificationsFirst issuance from the University of Vermont and State Agricultural College.

Proceeds descriptionConstruction and renovation of a news event centre, renovating the hockey arena,converting the existing gymnasium to a recreational facility. The new centre construction,
comprising of 96% of the total proceeds, will be constructed to LEED Silver specifications.

Climate Bonds view

Underwriters

Post-issuance disclosure on the progress of projects funded with this bond is encouraged toconform to best practice. LEED Silver is a respectable certification level, but we hope to see
rising ambitions among issuers to achieve higher certification levels and better energy
performance.
BANK OF AMERICA MERRILL

Deal comments
Credit Rating

Aa3 (Moody’s)
A+ (S&P Global Ratings)

Pricing summary
Investors summary

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