Green Bond Fact Sheet

TLFF I Pte Ltd

Date: 23-Feb-2018

Issue date: 23-Feb-2018 Maturity date: 23-Feb-2033 Tenor: 15Issuer NameTLFF I Pte Ltd

Amount Issued

USD95mCountry of risk

Indonesia

CBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond Type

Sustainability Bond

Green Bond Framework

N/A

Second party opinion

Vigeo Eiris

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☐ 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☒ 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
ReportingCompany information

The issuer has hired third-party consultants to conduct environmental and social due diligenceassessment and produce an Annual ESG Report that will be disclosed to investors.

TLFF I Pte Ltd is a financing vehicle for the Tropical Landscapes Finance Facility issued
a 15-year multi-tranche sustainability bond deal, as part of a USD350m project. The
project is a JV between France’s Michelin and Indonesia’s Barito Pacific Group.

Firsts, records andcertifications

Climate Bonds view

Proceeds will finance a sustainable rubber plantation on heavily degraded land in theJambi and East Kalimantan provinces of Indonesia. The plantation will cover 34,000ha
out of 88,000ha, while the remaining land will used for conservation, aquaculture,land restoration and smallholder plantations, including bamboo, cocoa, coconut,coffee, palm and rubber.
There are social components to this issue, but the sustainable agriculture angle
combined with conservation of nature corridors for endangered species andrestoration of degraded land fit in with the Nature Based Assets category of theClimate Bonds Taxonomy and sustainable land use appears to be the prevalent use ofproceeds. We would hope to see this confirmed in future reporting.

Underwriters

BNP

Proceeds description

Deal comments
Credit Rating
Pricing summary
Investors summary
1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, nonfinancial corporate, sovereign