Green Bond Fact Sheet

Jiangsu Financial Leasing

Date: 23-Apr-2019

Issue date: 11-04-2019 Maturity date: 11-04-2022 Tenor: 3 years
Issuer Name

Jiangsu Financial Leasing

Amount Issued

CNY1bn (USD148.9m)

Country of risk

China

CBI Database

IncludedIssuer Type1

Financial Corporate

Bond TypeGreen bondGreen Bond Framework

N/A

Second party opinion

CCX

Certification Standard

Climate Bonds Standard
V2.1 with Solar Criteria

Assurance report

Pre issuance verification
reportCertification Verifier

CCX Management

Green 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
ReportingCompany information

Firsts, records andcertifications

The issuer will engage a third party to report on the projects and their environmental
benefits. The issuer will disclose use of proceeds to market on a quarterly and annualbasis.
The issuer provides financial leasing, borrowing and economic consulting and otherfinancial services to businesses in China. It was founded in 1988 and is based in Jiangsu.
This is the first Certified Climate Bond to be issued domestically in China.
The issuer counts IFC as one of its shareholders and IFC has provided the impetus forthe issuer to apply for Climate Bonds Certification.
This is the first Certified Climate Bond to support floating solar farms on freshwater
bodies. In this case, two solar facilities are built on land above abandoned andcollapsed coal mines, which have since filled with rainwater and become ponds andlakes. One solar PV facility is built over a freshwater fishpond.
This includes the largest floating solar park in the world so far, which is located in
Huainan City, Anhui Province, China. It has a total installed capacity of 150MW andbecame fully operational in 2018. This solar park was developed by Three Gorges New
Energy, a subsidiary of Three Gorges Corporation, which previously issued a windenergy related Climate Bonds Certified Bond in July 2017.

Proceeds description

Climate Bonds view

Underwriters

The proceeds will be used solely for photovoltaic panels and the construction of solarfarms.
A total of nine projects will be financed. The bond is expected to deliver the following
environmental impacts: avoiding the annual consumption of 88,000 tons of coal,emissions of carbon dioxide by 236,000 tons, and of sulphur dioxide by 2298 tons.
The climate metrics used by the issuer are consistent with findings from CBI’s post
issuance reporting research, where electricity generation, carbon reduction and TCE
avoidance are most frequently used for renewable energy assets.
Huatai Securities, Bank of China, Industrial Bank

Deal comments
Credit Rating

AAA (CCXI)

Pricing summary
Investors summary

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