Green Bond Fact Sheet

VPBankDate: 12/02/2020

Issue date: 14-01-2020 Maturity date: 14-01-2025 Tenor: 5Issuer Name

Vietnam Prosperity
Joint-Stock
Commercial Bank

Amount Issued

USD71mCountry of risk

Vietnam

CBI Database

Included

Issuer Type1

Loan

Bond Type

Loan

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☐ 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 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☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ 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☐ Waste to energy☐ 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
ReportingAccording to the IFC, the loan will qualify as per the Green Loan Principles (GLPs). As per
GLPs, VPBank will also establish a management system to track, manage, and report on theuse of proceeds of a loan for dedicated green projects through third party verification.

Company information

VPBank is one of the earliest-established Joint-stock Commercial banks in Vietnam. VPBank
has set an ambitious target of becoming the most consumer- friendly technology- drivenbank and among Vietnam’s top 3 most valuable banks by 2022.

Firsts, records andcertifications

IFC’s first green loan to a bank in Vietnam.

Proceeds description

Approximately a third of the IFC’s financing package of USD212.5m will help VPBank to
expand its lending to small and medium enterprises (SMEs), hence creating new options forbusinesses to obtain green financing at a favourable interest rate. According to the IFC,
most of the near-term multimillion-dollar climate investment potential in Vietnam is inrenewables and infrastructure.

Climate Bonds view

The IFC’s loan represent a great example of how to channel institutional investment into
emerging markets. Participation of regional and international lenders in this financing
package shows the high interest of institutional and private investors in climate finance inVietnam, facilitating a new source of capital while helping the country tackle climatechange at the same time. As part of this transaction, VPBank has also adopted aninternational comprehensive standard in green lending, sending a positive signal to themarket as well as to international investors.
The Climate Bonds Initiative hopes to see appropriate reporting around loans to SMEs withrespect to project eligibility, proceed allocation and impact reporting.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

The five-year tenor loan comprises $50 million from IFC’s own account, $37.5 million fromthe multi-investor Managed Co-Lending Portfolio Program (MCPP) managed by IFC, and$125 million in syndicated loans from the Chinese Bank of Communications CompanyLimited; Industrial and Commercial Bank of China Limited; Korean KEB Hana Bank; Thai

Kiatnakin Bank Public Company Limited; German DEG — Deutsche Investitions- undEntwicklungesellschaft mbH; and multilateral International Investment Bank.

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