Green Bond Fact Sheet

Beijing Capital Group

Date: 26-Mar-2018

Issue date: 26-Mar-2018 Maturity date: 26-Mar-2021 Tenor: 2-3
Issuer Name

Beijing Capital Group

Amount Issued

USD500m, CNY630m(USD650m total)Country of risk

China

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeGreen Bond

Green Bond Framework

Link to GB Framework

Second party opinion

Sustainalytics

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☐ Waste to energy☐ 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
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Waste management☐ Recycling☐ Waste prevention☒ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ 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

Proceed allocation and impact reporting will be disclosed annually in the company’s
green bond report. (link to website)

Company information

Beijing Capital Group Co Ltd is a state-owned Chinese enterprise engaging inenvironmental protection, infrastructure, real estate and financial services both
domestically and abroad.

Firsts, records andcertifications

This is the first offshore green bond issued by a Chinese corporate that isdenominated in two currencies.

Proceeds description

Climate Bonds view

Underwriters

Proceeds will finance water & waste management, air pollution control, low carbon
transport, sustainable agriculture and green buildings with minimum certificationthresholds of LEED Gold, Silver BREAAM Plus, China Green Building Standard andother equivalent labels. The issuer states that fossil-fuel related assets will not befinance by the bond proceeds.
For sustainable agriculture, Sustainalytics notes that the framework does not explicitly
exclude genetically modified crop seeds from their notion of sustainable farmingmethods and prompts the issuer to ensure that proceeds don’t finance this type ofprojects. We include this bond to our database for now because GM is not
automatically excluded from either international green bond definitions or China’s
domestic guidelines. According to PBoC’s green bond endorsed projects catalogue,
GM projects are permissible as long as they are in compliance with the Safety
Management Regulation of Agricultural Genetically Modified Organisms (GMOs).
ABC, ANZ, BOC, B-Communications, CCB, CITIC, CBA, ICBC, Natixis, Hongkong andShanghai Banking Corp, StanChart

Deal comments
Credit Rating

BB- (S&P), BBB (Moody’s)

Pricing summary
Investors summary

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