Green Bond Fact Sheet

Statnett SF (2 deals)

Date: 03/07/2020

Issue date: 30-06-2020 Maturity date: 30-06-2023 Tenor: 3Issuer nameStatnett SF

Amount issued

NOK1.3bn/USD129m
SEK2.3bn/USD241m

Country of risk

NorwayCBI Database

Included

Issuer type1

Government-Backed
EntityBond typeSr Unsecured

Green bond framework

Link to 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☐ 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
☐ 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
ReportingCompany information

There will be an annual green bond investor newsletter which will include a list of projects
financed with a brief description and expected impact (where feasible), split between
financing versus refinancing and a summary of the company’s green bond development.
Statnett is the state-owned transmission system operator in the Norwegian power system.
It is responsible for developing, operating and maintaining the transmission grid and acts assystem operator, grid owner and power system planner.

Firsts, records andcertifications
Proceeds description

The bonds issued under this framework will finance projects associated transmission-grid
infrastructure. This includes grid reinforcement to connect new renewable power
production, grid reinforcement or upgrade to enable the efficient use of clean energy, andinterconnectors between regions or countries to increase the market for renewable energy.

Climate Bonds view

Whilst renewable energy generation plays an important role in climate change mitigation,transmission grids are a crucial part in realising the benefits by connecting these renewablesources to the grid and distributing it to where the demand is. Grids can also be made more
efficient so that less energy gets lost whilst travelling from the source to the end-user.
More companies are recognising this potential and are making such amendments. We
welcome Statnett SF to the market with two bonds as inaugural issuance: one SEK and one
NOK denominated instrument.
SEB (for SEK denominated deal)

Underwriters
Deal commentsCredit rating
Pricing summary

SEK issue

NOK issue••••

Coupon: quarterly NIBOR +48 bps
Price: 100%

Coupon: 0.850%
Price: 100%

Investors summary

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