Green Bond Fact Sheet
Chouzhou Commercial Bank

Date: 15-June-2018

Issue date: 07-June-2018 Maturity date: 07-June-2021 Tenor: 3 yearsIssuer Name

Chouzhou Commercial
BankAmount Issued

CNY1.5bn(USD235m)

Country of risk

China

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeGreen Bond

Second party opinion

N/A
EY

Green Bond Framework
Certification Standard

Not certified

Assurance report

Certification Verifier

N/AGreen bond rating☐ 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☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☐ Electric vehicles☐ Low emissionvehicles☐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

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

Issue details
ReportingCompany information

Zhejiang Chouzhou Commercial Bank Co., Ltd. was founded in 1987 and isheadquartered in Yiwu, China. It provides banking services to the personal, small andmedium-sized enterprises, and international clients. The bank offers standard
banking products such as deposits, loans, cards, financing products, foreign
currency, and mobile banking services.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters

The proceeds will be allocated to 3 major areas under PBOC’s green bond catalogue:
resource conservation and recycling, low-carbon transport, and ecologicalprotection and adaptation. More than 50% of the proceeds will finance ecologicalprotection and adaptation. In the bond prospectus, the issuer gives two examples ofeligible projects: a wastewater treatment project, which is expected to improve
regional biodiversity and a land rehabilitation project, converting abandoned
limestone mines into sustainable agricultural land by filling the pits with earth andwater.
As it’s been disclosed, more than 50% of the proceeds will be placed to ecologicalprotection and adaptation. In the case provided by the issuer, the project aims tominimize and mitigate the adverse environmental impact of an abandoned
limestone minting site. In particular, mining pits will be filled with earth and waterand is expected to be rehabilitated to sustainable agriculture use in the future. Theissuer has made the promise to conduct stringent due diligence process. EY provided
an assurance report for the use of proceeds, information disclosure. We support
such issuance that aims to renew local resources and increase its climate resilience.
Guotai Junan Securities

Deal comments
Credit Rating
Pricing summary
Investors summary

AA+

1

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign
http://www.chinabond.com.cn/cb/cn/ywcz/fxyfxdf/zqzl/syyhz/ptz/fxwj/20180531/149409105.shtml