Green Bond Fact Sheet

Arthaland

Date: 19/02/2020

Issue date: 06-02-2020 Maturity date: 06-02-2025 Tenor: 5Issuer Name

Arthaland

Amount Issued

PHP3bn/USD59m

Country of risk

Philippines

CBI Database

Included

Issuer Type1

Non-Financial
Corporate

Bond TypeSr Unsecured

Green Bond Framework

N/A

Second party opinion

Vigeo Eiris

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
Reporting

Arthaland will provide allocation and impact reports. The allocation report will include:• Amount or percentage of allocation to the green portfolio• Share of financing and refinancing reported at the category level• Examples of projects being financed• Balance of unallocated proceeds
The impact report will include the type of certifications and number of buildings in each type.
There will also be estimated annual reduced and/or avoided emissions (in tons of CO2
equivalent vs. the city/country benchmark).

Company information

Arthaland provides real estate services in Philippines. It owns and develops various
projects, including high rise commercial and residential buildings, residential townhouses,
subdivisions, resorts, recreational centres, industrial estates and affordable housing.

Firsts, records andcertifications
Proceeds description

The proceeds will exclusively finance or refinance green buildings. This includes thedevelopment of new buildings, acquisition and renovation of completed buildings(commercial and residential). Buildings must fall under a standard such as LEED Gold or
higher or BREEAM Excellent or higher. New and existing commercial and residentialbuildings that belong to the top 15% of low carbon buildings in their respective category
and local context can also be financed.

Climate Bonds view

Despite being the smallest issuance from the Philippines so far, it’s encouraging anotherentity seeking green funds in SE Asia. Arthaland is the first real estate company from thiscountry to issue a green bond. Until now, proceeds had been allocated mainly towards
renewable energy projects.
ING, DBOUnderwriters
Deal comments
Credit Rating
Pricing summary•••

Yield: 6.352%
Coupon: 6.3517%
Price: 100.000%

Investors summary

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