Green Bond Fact Sheet

SID Banka

Date: 14-Dec-2018

Issue date: 05-Dec-2018 Maturity date: 12-Dec-2023 Tenor: 5Issuer NameSID Banka

Amount Issued

EUR75m (USD85.1m)

Country of risk

Slovenia

CBI Database

Included

Issuer Type1

Development Bank

Bond TypePrivate 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
☐ 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/PEFC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☒ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☒ Industry: process

Issue details
Reporting

SID Bank will start reporting to investors after one year from the date of a Green
Bond issuance and annually thereafter, until the proceeds from the Green Bondissuance have been fully allocated, in the form of a Green Bond Report, which will
include information regarding the allocation and the expected impact.

Company information

SID Bank is a promotional development and export bank, 100% owned by theRepublic of Slovenia.

Firsts, records andcertifications

Second Slovenian green bond issuer and first from the financial sector.

Proceeds description

The Green Bond Framework includes a wide range of sectors – renewable energy,buildings, transport, water, waste, land use and industry – and all fossil fuel-based
assets are explicitly excluded.
Eligible projects under the transport category include electrified light aircraft forpassenger transport. Geothermal power plants must meet an emissions thresholdof 100gCO2/kWh at most. Cogeneration power plants are eligible only if they run
on biomass sourced from waste products. Afforestation and reforestation ofPEFC/FSC certified forests, certified organic agriculture, biological crop protection
and drip irrigation are eligible land use project types.
Commercial buildings need to be within the top 15% of the country’s energy
efficient non-residential properties, while residential buildings must have amaximum energy consumption of 35 kWh/m2 per annum. According toSustainalytics, this energy performance threshold is significantly lower than theaverage energy use for heating in Slovenian buildings of 122.81 kWh/m2.

Climate Bonds view

Underwriters
Deal comments
Credit RatingPricing summary
Investors summary

The eligibility criteria for each project type are clearly set out, with stringent
targets for several categories. This is the first time we see electrified light aircrafts
being included in the eligibility projects. As aviation accounts for 2% of GHG
globally, developing low carbon solutions within the sector will be an essential
component of meeting emissions reductions at both a country and global level.
Unicredit

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