Green Bond Fact Sheet
Milwaukee Metropolitan Sewerage District (“MSSD”)

Date:01/05/2020

Issue date: 30-04-2020 Maturity date: 30-04-2030 Tenor: 10Issuer Name

Milwaukee Metropolitan
Sewerage District

Amount Issued

USD80mCountry of risk

United States

CBI Database

Included

Issuer Type1

Local municipality

Bond TypeUse of proceeds

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Climate Bonds Version 3,
including Sector Criteria
for: Water Infrastructure

Assurance report

Pre issuance verification

Certification Verifier

Kestrel Verifiers

Green 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
☒ Flood protection☐ 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

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
ReportingCompany information

The issuer will submit annual reports to the Municipal Securities Rulemaking Board(MSRB), as per the regulatory requirement. The issuer will also produce annual
reports which will have information on the allocation of proceeds, as well as details onthe projects.
MMSD is one of the largest sewage and water treatment utilities in US, serving
approximately 1.1 million people across 411 square miles.
Milwaukee is located along the southwestern shore of Lake Michigan, one of theGreat Lakes in North America. As such, the lake management plans cross the US/
Canada border.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

This is the first Certification in the US Midwest, and the first Certification for a
combined wastewater and stormwater program in the US.
The proceeds will finance the following:• Jones Island Water Reclamation Facility• South Shore Water Reclamation Facility• Interplant Pipeline• Conveyance• Inline Storage System• Watercourse and Flood Management• Green Infrastructure• Facilities Planning
Relatively few flood management programs have received Certification, and we wouldwelcome more.

Underwriters
Deal comments
Credit Rating

AAA (Fitch)
AA1 (Moody’s)

Pricing summary
Investors summary

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