Green Bond Fact Sheet

Wuxi Huaguang Boiler Co.,Ltd

Date: 06-Aug-2018

Issue date: 27-Jul-2018 Maturity date: 27-Jul-2018 Tenor: 3 years
Issuer Name

Wuxi Huaguang BoilerCo.,Ltd

Amount Issued

CNY265m(USD39m)

Country of risk

China

CBI Database

Included

Issuer Type1

Non-financial
Corporate

Bond TypeABS

Green Bond Framework

N/A

Second party opinion

N/A

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☐ 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

Based in Wuxi, this company specialises in researching, developing andmanufacturing energy efficient and emission reduction equipment in clean energy
industry. Its product range includes gas-steam combined cycle heat recovery steam
generators (HRSG), refuse incineration boilers and biomass-fired boilers. Thecompany is also the research centre for water treatment equipment and the largest
manufacturing base for such equipment in China.

Firsts, records andcertifications
Proceeds description

The deal is secured on revenues from the heat and power supply services of its
subsidiary Huilian Co., which operates a combined power plant in Wuxi city. The
proceeds will be used for two waste to energy projects, including the Gongzhulingrefuse incineration project and the Leping refuse incineration project.
Specifically, the Gongzhuling project is estimated to deal with 800 tonnes of daily
household waste from Gongzhuling city and surrounding areas. In comparison, theLeping refuse incineration project is designed to have the same capacity. Inaddition to building boilers, the Leping project also plans to build 10 waste stations
and other supporting facilities.

Climate Bonds view

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

We support such green bond issuance since it has multiple benefits of reducing
household waste, generating clean energy as well as improving air quality due toreduced carbon emissions. However, we would like to see more disclosure about
relevant information such as bond prospectus. We also hope the issuer will closely
monitor this deal and publish timely post-issuance reporting.
Guolian1

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