Green Bond Fact Sheet

China Banking Corp

Date: 08/07/2019

Issue date: 19-10-2018 Maturity date: dd-mm-yyyy Tenor:
Issuer Name

China Banking Corp

Amount Issued

USD150m

Country of risk

Philippines

CBI Database

Included

Issuer Type1

Financial corporate

Bond TypePrivate placement

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☒ 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

China Bank, founded in 1920, is one of the largest private universal banks in the Philippines
providing a full range of banking products and services to corporate, commercial, and retailcustomers.

Firsts, records andcertificationsFirst green bond to finance water projects in the Philippines.

Proceeds description

The proceeds will finance climate-related projects in renewable energy, green buildings,
energy efficiency and water conservation, in accordance with the Green Bond Principles.

Climate Bonds view

The Philippines has been able to grow its green bond market significantly in the last coupleof years. As only the second issuance from a financial institution, it has the potential toincrease the reach and visibility of green bonds, likely more so than of other issuer types.
The Philippine government has put in place key national policies to fight climate change.
China Banking Corp’s green bond will see the bank scale up its investments inenvironmental projects, supporting the government’s target of 70 percent reduction in
GHG emissions by 2030.
Finally, and together with BDO Unibank’s green bond (also from 2018), it is anotherexample of IFC investing in the greening of emerging market via the private sector.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

1

IFC (sole investor)

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