Green Bond Fact Sheet

Konan Ultra Power

Date: 11-Mar-2019

Issue date: 25-Feb-2019 Maturity date: 25-Feb-2034 Tenor: 15Issuer Name

Konan Ultra Power

Amount Issued

JPY110m (USD1m)

Country of riskJapan

CBI Database

Included

Issuer Type1

Government-backedentity

Bond TypeGreen bondGreen Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

GA1 (R&I)☒ 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
☐ 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

The “outline of the green project”, “amount of allocated proceeds”, “expectedenvironmental benefits (including preconditions and the calculation method)”, and “amountand ratio of unallocated proceeds, planned allocation schedule, and an investment method”
shall be disclosed on Konan Ultra Power’s website on an annual basis. (source)
Konan Ultra Power Co., Ltd. is a public-private sponsored, regional new power generator
established in May 2016 in Konan city, Shiga prefecture. Konan Ultra Power started power
supply business in October 2016 with an aim to realize the provisions in “Basic Policy
Established for the Strategic Plan with Respect to Regional Natural Energy andRevitalization of Konan city”, including “regional revitalization through economic andenergy circulation”, “securing self-reliant, decentralized energy”, and “contribution to theprevention of global warming”. (source)Firsts, records andcertifications
Proceeds description

Proceeds are earmarked for financing a PV power generation project (solar rooftop) for 2logistics facilities in Konan City and LED installation project at 4 Konan City school facilities.
The Green Bond Assessment discloses clear and detailed characteristics of the financed
projects - such as number of panels, annual power generation and number of LED lamps –as well as some expected impact metrics including annual CO2 emission reductions.

Climate Bonds view

The company is a welcomed addition to Japan’s pool of green bond issuers. The granularity
of information presented in the Green Bond Assessment demonstrates the issuer’scommitment to comply with best practice standards.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

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