Green Bond Fact Sheet

State of Wisconsin

Date: 21/05/2020

Issue date: 13-05-2020 Maturity date: 01-06-2039 Tenor: 19.1
Issuer name

State of Wisconsin

Amount issued

USD80mCountry of risk

USA

CBI Database

IncludedIssuer type1

Local Government

Bond type

US MuniGreen 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

DNR (Department of Natural Resources) provides annual reports to EPA (Environmental
Protection Agency) on the Clean Water Fund Program and the Safe Drinking Water LoanProgram. The annual reports include lists of Projects for which DNR and DOA (Departmentof Administration) entered into a Financial Assistance Agreement during the applicable year,
as well as projects for which construction was begun during the applicable year and Projectsfor which construction was completed during the applicable year. The annual reports areavailable on the DNR website for the Clean Water Fund Program and the Safe Drinking Water
Loan Program.
The state is located in the Midwest in the United States among the northernmost tier ofstates. It ranks 20th among the states in population and 25th in land area. Wisconsin
attained statehood in 1848, its capital is Madison, and its largest city is Milwaukee.

Firsts, records andcertifications
Proceeds description

The proceeds finance the Clean Water Fund Program and the Safe Drinking Water LoanProgram. The funds will be used to make pledged loans for both wastewater and drinking
water projects.

Climate Bonds view

This is the third issuer and issuance from the state Wisconsin. In general, most US Munis
finance real assets, therefore it is notable that the funds raised will go towards financial
assets – in this case loans for water and wastewater projects. We also welcome the post
issuance reporting.
BARC

Underwriters
Deal comments
Credit rating

AAA (S&P)
AAA (Fitch)

Pricing summary•••

Yield: 1.900%
Coupon: 5.000%
Price: 125.662%

Investors summary

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