Green Bond Fact Sheet

Issuer Name: Ecosolutions

Date: 19/12/2019

Issue date: 20-08-2019 Maturity date: 20-08-2031 Tenor: 12
Issuer Name

Ecosolutions

Amount Issued

USD3.5m

Country of risk

Costa Rica

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypePrivate placement

Green Bond Framework

Yes (not available
online, also includes
third party rating ofenvironmentalimpact)

Second party opinion

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

N/A

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
ReportingA third party will provide an annual report detailing the environmental impacts of theprojects, particularly GHG emissions avoided but also other performance metrics. This is inaddition to the impacts estimated at issuance and disclosed in the framework. Since thefunds are allocated towards refinancing assets at issuance, there is no need for post-issuanceallocation reporting.

Company information

Ecosolutions is a consultancy company providing energy efficiency tech-based solutions
across a range of sectors and projects.

Firsts, records andcertificationsFirst issuance by a non-financial corporate and first private placement from Central
America (excluding the Caribbean, where Barbados-based Williams Caribbean Capitalissued a green bond private placement earlier this year). Also, the first from Central
America & Caribbean to exclusively finance energy efficiency projects.

Proceeds description

The proceeds will refinance two biomass boilers (pellets-based) in Costa Rica, specifically at
Hotel Intercontinental and Bridgestone.

Climate Bonds view

Despite its very small size, this bond marks another private company coming to market
in the Central American region, which presents many green investment opportunities.
Costa Rica in particular is a very promising country in this space, having plans tobecome carbon-neutral (i.e. including offsets) in the next 2 years.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

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