LuxSEThe home ofGreen Bonds

Mobilising capital markets for a low-carbon transition Capital markets have already started to play a role

filling the green investment gap and are expected to

become a dominant source of green capital taking up a

growing share of the $100 trillion global debt markets.

The successful implementation of the COP 21

Agreement implies the materialization of unprecedented

financial means coupled with important economic and

investment opportunities that public sector finance and

traditional bank loans will be unable to provide alone.

With low carbon and climate resilient infrastructure

investments being now a top global priority, the market

of both labelled and unlabelled Green Bonds is likely to

grow significantly across a wide range of borrowers

and industry sectors.

In order to achieve Paris’s climate goals, financial needs

will probably amount to trillions per year (USD 5 trillion

by 2020 according to the International Energy Agency).

A pioneering institution since the earliest days of this market,

LuxSE has grown to be the world leader for the listing of

green bonds, with more than 120 listings.

LuxSE: a pioneering commitment to green values

Since the listing of the first ever Green Bond by the European

Investment Bank (EIB) kicking off the market in 2007, all of

the major green issuers (MDBs, SSAs, financial institutions

and corporates) have trusted LuxSE as the natural location

for green bond listings.

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Selection of green issuers“Iberdrola is really comfortable with the level

of assurance provided both by the CSSF and the

LuxSE, where their bonds have been listed for

decades. The depth of this market allows the

Company to achieve the expected degree of

availability for international investors. This has

been developed even more with the recent birth of

LGX, where Social Responsible Investors can easily

find the kind of securities they are looking for.”

Guillermo Colino, Iberdrola

Green Bonds at LuxSE

30+International Issuers

18Different currencies

50+ billion EURTotal amount raised

120+Listed Green Bonds

Investing in the further integrity of the Green Bond marketLuxSE provides a cutting-edge, efficient and fast

infrastructure to list and trade green securities of any

type and currency on a dedicated segment.

It offers market-recognized standards of disclosure and

very high levels of transparency.

LuxSE is committed to maintaining a simple, pragmatic

and dynamic approach to this ever-evolving segment.

LuxSE is:

• Member of the EU Commission High Level Group on sustainable finance

• Member of SSE (Sustainable Stock Exchanges) Initiative

• Member of the WFE (World Federation of Exchanges)’s working group on Sustainability

• Active participant in COP21 & COP22

• Observer in the GBP (Green Bond Principles) group of ICMA

The Luxembourg government is determined to grow its green

finance ecosystem. Anchored in the wider field of responsible

and impact investing, this ecosystem encompasses dynamic

and pragmatic institutions, specialised competence clusters,

research centres and labelling agencies.

It offers issuers and investors a safe environment for green

fund-raising.

The Luxembourg Stock Exchange (LuxSE) has the ambition to

expand the “Listed in Luxembourg” green brand even further

to new issuers, new countries and new products, leveraging

its expertise and its natural affinity for innovation.

A green ecosystem in Luxembourg

Why list Green Bonds on LuxSE?

Pioneer in the Green Bonds market

Market-aligned disclosure & transparency standards

The leading exchange by number of Green Bonds listed

"As a leader of Green Bond listings, LuxSE considers the establishment of standardised and transparent criteria essential to the further evolution of this market segment, while providing accurate information to investors. Fostering trust and assuring market integrity will be a key success factor for the future development of the Green Bond market."

Julie Becker, Head of International Primary Markets , LuxSE

Geographical distribution of green issuers listing on LuxSE

Trusted by all of the major green issuers

Dedicated GreenBon segment

Open attitude to product innovation across the whole

green asset class

A unique and integratedservice offer

“Listed inLuxembourg“a recognised label in international capital markets

50+different currencies

500+MTN programs

37,000listed and tradable securities

50+years of experience in listing international bonds

99%of all securities listed in less than 2 days

Luxembourg Stock Exchange

Founded in 1928, LuxSE is the worldwide leader in the listing of international securities. With its first mover attitude, over the last 50 years LuxSE has actively contributed to the development of the international capital markets.

LuxSE has a strong culture of servicing international clients and addressing their specific needs. Thanks to its stringent but business-friendly admission process, LuxSE provides the highest transparency to investors.

By providing increased visibility to issuers, LuxSE is the gateway to access international investors. Issuers on LuxSE will benefit from the country’s vibrant and integrated financial ecosystem and proximity to a powerful network of international experts (e.g. law firms, banks, consulting firms, etc.).

Effective answer to market needs

Efficient listing process (prospectus comments in less than 3 business days)

Indirect or direct prospectus submission

Wide range of securities and currencies

Competitive fee structure

Choice of 2 markets: Bourse de Luxembourg and Euro MTF

Top-notch trading platform

All listed securities are systematically admitted to trading (with open order book)

Euronext partnership :

• UTP (Universal Trading Platform): a state-of-the-art trading platform

• Cross-membership: free access to LuxSE markets for Euronext members

and reciprocally

NEOSS : a real-time monitoring and alert tool of non-executed

orders improving order execution at competitive prices

Central counterparty : LCH.Clearnet

Settlement: Clearstream and Euroclear

Comprehensive service that meets transparency and regulatory requirements

• Prospectus publication

• Financial news services (FNS)

• LuxSE website: easy access to centralised informationInfo

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1st in the world for the listing of international securities

VISIT US AT: 35A Boulevard Joseph II / Luxembourg

@LuxembourgSEluxembourg-stock-exchange

Contacts

www.bourse.lu

CARLO OLY HEAD OF RELATIONSHIP MANAGEMENT INTERNATIONAL PRIMARY MARKETS T +352 47 79 36-227 col@bourse.lu

CHIARA CAPRIOLI BUSINESS DEVELOPMENT MANAGER STRATEGY & DEVELOPMENT T +352 47 79 36-417 cca@bourse.luWRITE TO:

PO Box 165 / L-2011 Luxembourg