During third quarter 2016, Entra issued its first green bond of NOK 1 bn with identity code ISIN NO 0010774797 . The Proceeds from the bond issue is earmarked funding of a pool of properties/projects with high environmental standards and a certification from BREEAM with a minimum certification of "excellent". As of 31.12.16 the NOK 1 bn Green Bond proceeds had been fully utilised for refinancing of the two recently finalised projects/properties Powerhouse in Sandvika and Schweigaardsgate 16 in Oslo
The framework for Entra's green bonds was established in September 2016 by the Centre for International Climate and Environmental Research Oslo (Cicero) an independent research centre linked to the University of Oslo in Norway. Cicero has given Entra's green bond framework its highest rating - Dark Shade of Green. Such a rating according to Cicero is given to projects and solutions that realise the long term vision of a low-carbon and climate-resilient future already today. Typically, this will entail zero-emission solutions and governance structures that integrate environment concerns into all activities. Example projects include renewable energy projects such as solar or wind.
Enclosed is the Green Bond Report for 2016 for the said green bond.
For further queries please contact: Anders Olstad, CFO, tel: +47 900 22 559, email: ao@entra.no This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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