Green Bond Fact Sheet

Oregon School District

Date: 14-Mar-2019

Issue date: 01-03-2019 Maturity date: 01-03-2039 Tenor: 20
Issuer Name

Oregon School District

Amount Issued

USD45mCountry of risk

USA

CBI Database

IncludedIssuer Type1

Local government

Bond TypeUS MuniGreen 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
☐ 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 District expects to provide updates on the use of proceeds of the bond until the proceeds
have been fully spent. The District also intends to report key metrics related to the net zeroenergy performance of the new building. The reporting is expected to commence
approximately one year after the building is complete, and to continue until five years fromthe bond issuance date.

Company information

Oregon School District comprises the Dane, Green and Rock Counties, in Wisconsin (WI),USA.

Firsts, records andcertifications

The bond will finance the first net zero carbon/zero energy school building in the state ofWisconsin.

Proceeds description

Climate Bonds view

Underwriters

The District, along with its design and construction partners, is currently designing a newelementary school to serve its growing student population. It will be the first “net zero”
school constructed in the State of Wisconsin. The “net zero” energy, or “net zero” carbon,
school will use a combination of building energy efficiency and on-site energy generation sothat over a one-year period there is no net carbon released into the atmosphere fromoperating the building.
The construction of the first net zero carbon school in Wisconsin state is a commendable
effort, as is the issuer’s commitment to report on the bond’s use of proceeds and certain
environmental indicators. CBI encourages issuers to obtain external reviews andverification to align with best practice in the market.
Raymond James & Associates, Inc.

Deal comments
Credit Rating

AA (S&P)

Pricing summary

Initial Offering Price/Yield: 98.582% / 3.6%

Investors summary

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