Green Bond Fact Sheet

Ceetrus

Date: 16/12/2019

Issue date: 26-11-2019 Maturity date: 01-10-2044 Tenor: 7.0
Issuer NameCeetrus

Amount Issued

EUR300m/USD330m

Country of risk

FranceCBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond Type

N/A

Green Bond Framework

Link to Framework

Second party opinion

Vigeo EIRIS

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☐ 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☐ Waste to energy☐ 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
ReportingIssuer information

Allocation and impact reporting will be made public on an annual basis until the proceeds havebeen fully allocated. The allocation report contains information on the eligible projects,
proportions of financing and refinancing as well as the balance of unallocated proceeds invested
in cash and/ or cash equivalents. The impact report contains impact metrics associated with theeligible projects which are for example the total energy consumption, average energy intensity
or avoided CO2 emissions.
Ceetrus is a real estate developer and manager that plans and constructs residential, office andrecreational real estate. It is based in Croix (France) and employs around 900 people in 10countries. The ultimate parent is Aumarche SA.

Firsts, records andcertifications
Proceeds description

The proceeds will finance and refinance buildings including the construction or acquisition of
new or ongoing assets as well as existing assets that are already owned by the company. Eachof the following criteria have to be met:••••The asset has to be located in the European Union and must be under on-goingdevelopments or buildings that are in use.
The assets should have received or are expected to receive a minimum certification ofBREEAM ‘very good’ or the equivalent. Existing buildings must have an in-use
certification of least ‘Very Good’ or equivalent up to three years before issuing thebond.
Energy savings of at least 30% compared to baseline performance.
Eligible assets should have good access to public transport and should have signed orbe in the process of signing green contracts leasing on the assets financed.

Climate Bonds view

A large portion of green bonds issued in France are financing green buildings but only a
few real estate companies have entered the green bond market so far. Joining repeat
issuers such as Unibail-Rodamco and Covivio and other one-time issuers Ceetrus is the 8th
real estate company to issue green debt in France. The framework with its stringent
criteria for eligible assets shows great commitment.

Underwriters

BNP, Credit Agricole, ING, Natixis

Deal comments
Credit Rating

BBB- (S&P)

Pricing summary••

Coupon: 2.750%
Reoffer: Mid Swaps + 290bp

Investors summary

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