Green Bond Fact Sheet

Vellinge Municipality

Date: 08-Mar-2018

Issue date: 08-Mar-2018 Maturity date: 08-Mar-2023 Tenor: 5Issuer Name

Vellinge Municipality

Amount Issued

SEK200m (USD24.2m)

Country of risk

SwedenCBI Database

Included

Issuer Type1

Local Government

Bond TypeGreen Bond

Green Bond Framework

Link to GB Framework

Second party opinion

CICERO

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

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

Annual reporting on proceed allocation will be available for the investors through aninvestor letter and within the municipality’s annual report for the wider public. The
report will include a brief description of the projects’/assets’ environmental impacts.
Vellinge Municipality is located in the Skåne County in southern Sweden.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters•Eligible bioenergy projects/assets will only use agricultural, forestry andbiological residues as energy sources.
• For waste management projects, the issuers states that no waste incinerators
or fossil fuel transportation will be financed• Proceeds allocated to transportation will finance low carbon transport
infrastructure• To be eligible, buildings must have a 25% lower energy use per m2 Atemp andyear compared to the construction requirements of the National Board ofHousing, Building and Planning (Boverket). Green buildings that have at least a
Silver Miljöbyggnad certification or Green Building certificate from theSwedish Green Building Council will be preferred. In addition, new buildings
must also comply with categories A or B of the Healthy House Environmental
data regulations. CICERO has noted that the listed eligibility criteria are below
best practice.
The Vellinge Municipality is one of 13 Swedish local governments which was identified
in our Nordic and Baltic Public Sector Green Bonds report as potential green bondissuers. We agree with CICERO that the building eligibility criteria could be more
stringent but hope to see proceeds allocated to green buildings exceeding theminimum levels when the municipality starts reporting on use of proceeds.
SEB

Deal comments
Credit Rating

AAA (S&P)

Pricing summary
Investors summary

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