Green Bond Fact Sheet
Ermewa Group

Date: 06-02-2020

Issue date: 11-12-2019 Maturity: 11-11-2026/2029 Tenor: 7/10
Issuer Name

Ermewa Group

Amount Issued

EUR528m/USD585m

Country of risk

FranceCBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond TypeBank Facilities (loan)

Green Bond Framework

Green Financing Framework

Second party opinion

N/A

Certification Standard

Certified under Climate
Bonds Standard v2.1,
including sector-specificcriteria for:

Assurance report

Pre issuance verification

Sustainalytics

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• Low Carbon Transport
Certification Verifier
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
Reporting

Ermewa Group will provide annual reporting to its investors / lenders• An allocation report on the assets financed/refinanced• An impact reporting on the environmental outcomes and metrics
Examples of relevant KPIs could include:• Railcar age per type of railcar• Average age of the fleet• Share by railcar type
• Average utilization rate of the fleet• Total tons-km (per year)• Latest valuation of the Eligible Green Assets
Examples of relevant Impact metrics could include:• Effective GHG emissions (gCO2 eq. per ton-km)• Avoided GHG emissions (gCO2 eq. per ton-km)

Company information

Ermewa Group is one of the leading providers of freight rolling stock leasing acrossEurope and globally.

Firsts, records andcertifications

This is the first Certification related to rolling stock exclusively.

Proceeds description
Climate Bonds viewThe proceeds from this financing will be allocated to its portfolio of over 20,000
railcars which do not carry any fossil fuels or petrochemical products. The eligible
rolling stock carry cereals, industrial goods and other products.
It is good to see the use of proceeds diversify to beyond passenger trains.

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