CORRECTING and REPLACING Green Bond Principles Created to Help Issuers and Investors Deploy Capital for Green Projects

  CORRECTING and REPLACING Green Bond Principles Created to Help Issuers and
  Investors Deploy Capital for Green Projects

CORRECTION...by Green Bond Principles

Business Wire

NEW YORK -- January 13, 2014

The reference to Crédit Agricole Corporate and Investment Banking in the first
sentence of the first and fourth graphs, should read: Crédit Agricole
Corporate and Investment Bank (sted Crédit Agricole Corporate and Investment
Banking.)

The corrected release reads:

GREEN BOND PRINCIPLES CREATED TO HELP ISSUERS AND INVESTORS DEPLOY CAPITAL FOR
                                GREEN PROJECTS

A consortium of investment banks today announced their support of the Green
Bond Principles – Bank of America Merrill Lynch, Citi, Crédit Agricole
Corporate and Investment Bank, JPMorgan Chase, BNP Paribas, Daiwa, Deutsche
Bank, Goldman Sachs, HSBC, Mizuho Securities, Morgan Stanley, Rabobank and
SEB. These Principles were developed with guidance from issuers, investors and
environmental groups and serve as voluntary guidelines on recommended process
for the development and issuance of Green Bonds. They encourage transparency,
disclosure and integrity in the development of the Green Bond market.

These Green Bond Principles suggest process for designating, disclosing,
managing and reporting on the proceeds of a Green Bond. They are designed to
provide issuers with guidance on the key components involved in launching a
Green Bond, to aid investors by ensuring the availability of information
necessary to evaluate the environmental impact of their Green Bond investments
and to assist underwriters by moving the market towards standard disclosures
which facilitate transactions.

These Principles build on first-to-market issuances by multilaterals and
provide a platform for other future Green Bond issuers to direct funding to
Green Projects. They are complemented by an appendix of established
definitions of Green Project categories that were developed by multilaterals,
non-profit and non-government organizations, and other relevant stakeholders.
Read more about the Green Bond Principles here.

The four banks that served as a drafting committee for these Principles – Bank
of America Merrill Lynch, Citi, Crédit Agricole Corporate and Investment Bank
and JPMorgan Chase – will propose in 2014 a governance process that will allow
for diverse stakeholder input into the Green Bond Principles. It is
anticipated that an independent third party will be designated to serve as a
secretariat whose administrative duties will include facilitating information
exchange with issuers, investors, underwriters, and other stakeholders such as
non-profit environmental organizations, non-government organizations,
academics and other thought leaders.

COMMENTS FROM SUPPORTING BANKS:

Bank of America

“The development of a robust and liquid market for green bonds is an important
progression for debt markets,” said Suzanne Buchta, Global Co-head of Green
Debt Capital Markets at BofA Merrill. “In co-authoring these principles we
attempt to help standardize the product and we hope to catalyze investment
into environmentally sustainable projects, something to which our firm is very
committed.”

Citi

“Citi is proud to be a co-founder of the Green Bond Principles as a voluntary
guideline for bond issuers who are deploying capital to environmentally
beneficial purposes,” said Michael Eckhart, Citi’s Global Head of
Environmental Finance. “Our experience placing Green Bonds to date suggests
that this will be a helpful guideline for corporate and public sector
issuers.”

Crédit Agricole CIB

Tanguy Claquin, Managing Director at Crédit Agricole CIB commented, “We are
very pleased to have co-authored and announced the establishment of the Green
Bond Principles. This is an important first step towards a more coherent
approach to the market of Green and Sustainability Bonds, which will
ultimately increase its attractiveness for investors thus encouraging
investments into sustainability projects.”

JPMorgan Chase & Co.

“Increasing the amount of capital targeted to address pressing environmental
challenges such as climate change is critical," said Marilyn Ceci, Managing
Director in the Corporate & Investment Bank at JPMorgan Chase. “JPMorgan Chase
is pleased to have co-authored the Green Bond Principles, which involved
strong collaboration among colleagues in our Corporate & Investment Bank and
Environmental Affairs office. By providing transparency and integrity to the
Green Bond market and bolstering investor confidence, we expect the Green Bond
Principles will expand capital allocation to projects that provide
environmental benefits.”

BNP Paribas

“BNP Paribas is proud to partner with our fellow institutions to support the
development of a robust Green Bond Market. Today’s announcement is a crucial
early step to foster the creation of a new transparent marketplace for
socially responsible capital-raising and investment,” said Jim Turner, Head of
Debt Capital Markets for North America.

Daiwa

“The GBP is a wake-up call. It will help bring this most important product and
its message to the forefront and into the mainstream bond world,” said Jose
Padilla, Head of US Debt Capital Markets at Daiwa.

Deutsche Bank

“As a carbon neutral bank, Deutsche Bank believes that the new Principles will
play an important role in unlocking the green market capital necessary to
finance the transformation to a cleaner and more sustainable future. We are
pleased to be part of this collaborative effort,” said Hakan Wohlin Deutsche
Bank’s Global Head of Debt Origination.

Goldman Sachs

“We are excited about continued developments in the area of green bonds as an
important mechanism through which we can help harness the deep and liquid
fixed income capital base for environmentally beneficial solutions,” said
Martin Weber, Head of SSA and Growth Markets Origination. “Goldman Sachs has
had a long standing commitment to furthering market-based solutions to address
critical environmental issues and we look forward to helping further catalyze
financing and investments.”

HSBC

“The Green Bond market grew fivefold last year, with USD10 billion raised by
the public sector, corporates and financial institutions. The Green Bond
Principles are an excellent initiative to increase transparency and disclosure
in this market, and to foster continued growth in investments which help
combat climate change," said Ulrik Ross, Managing Director at HSBC.”

Mizuho

Mark Wheatcroft, Head of Debt Capital Markets at Mizuho International
commented: “Mizuho is proud to support the development of the Green Bond
Principles, which will act as a measure of quality assurance for all involved
in this exciting and developing market.”

Morgan Stanley

“Morgan Stanley is proud to be one of the leading underwriters of Green Bonds,
with USD 4.75 billion of issuance across 7 Supranational, Agency and Corporate
deals in 2013,” said Navindu Katugampola, Vice President at Morgan Stanley.
“We believe that the Green Bond Principles will help act as a catalyst to
develop this rapidly growing market, by providing a clear set of voluntary
guidelines for issuers, investors and underwriters. We are exceptionally
pleased to support this effort as part of our overall commitment to
sustainable finance.”

Rabobank

“The world faces enormous challenges in the next 40 years. It needs
investments that are not only large scale but also focused: financing
sustainable food production and supply, growing energy demands, sustainable
basic materials and more. Rabobank is proud to be part of the Green Bonds
Principles and to be able to contribute to the future developments in this
initiative. We will use our knowledge of amongst others sustainable
agriculture, food & beverage sectors, renewable energy and developments in the
biobased and circular economy. Having been involved in several sustainable
Green Bonds we are convinced this will be of help to grow this important
market,” said Marco Roddenhof, Global Head Capital Markets Rabobank
International.

SEB

“It has been a great pleasure, as a co- founder of the green bond market, to
take part in the ongoing development of the market and thereby acknowledge the
trust we have been shown by our investors and the issuers we represent. We
believe the principles will secure a common understanding and thereby create
the homogenous market development needed to allow further growth,” said
Christopher Flensborg, Head of Sustainable Products and Product Development at
SEB.

INFORMATION ON SUPPORTING BANKS

Bank of America

Bank of America is one of the world's largest financial institutions, serving
individual consumers, small- and middle-market businesses and large
corporations with a full range of banking, investing, asset management and
other financial and risk management products and services. We serve
approximately 51 million consumer and small business relationships with
approximately 5,200 retail banking offices and approximately 16,200 ATMs and
award winning online banking with 30 million active users and more than 14
million mobile users. Bank of America is among the world's leading wealth
management companies and is a global leader in corporate and investment
banking and trading across a broad range of asset classes, serving
corporations, governments, institutions and individuals around the world. Bank
of America offers industry-leading support to approximately 3 million small
business owners through a suite of innovative, easy-to-use online products and
services. The company serves clients through operations in more than 40
countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New
York Stock Exchange.

Citi

Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management. Additional information may be found at
www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn:
www.linkedin.com/company/citi

Crédit Agricole CIB

Crédit Agricole CIB is the Corporate and Investment Banking arm of the Crédit
Agricole Group, the world’s fifth largest bank by total assets (The Banker,
July 2013).

Crédit Agricole CIB offers its clients a comprehensive range of products and
services in capital markets, investment banking, structured finance and
corporate banking.

The Corporate and Investment Bank is structured around four major divisions:

  *Client Coverage & International Network and Global Investment Banking
  *Structured Finance
  *Global Markets Division
  *Debt Optimisation & Distribution.

The Bank provides support to clients in large international markets through
its network with a presence in major countries in Europe, America, Asia and
the Middle East.

For more information, please visit its website at www.ca-cib.com.

JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm
with assets of $2.5 trillion and operations worldwide. The Firm is a leader in
investment banking, financial services for consumers and small businesses,
commercial banking, financial transaction processing, asset management and
private equity. A component of the Dow Jones Industrial Average, JPMorgan
Chase & Co. serves millions of consumers in the United States and many of the
world’s most prominent corporate, institutional and government clients under
its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is
available at www.jpmorganchase.com.

BNP Paribas

BNP Paribas Corporate and Investment Banking (CIB) is a leading provider of
solutions to a wide range of clients including corporates, sovereigns,
financial institutions and investors worldwide. Approximately 19,000
professionals in 45 countries provide clients with personalized services for
managing their risks and assets, financing and expanding their business and
servicing their operational needs.

BNP Paribas CIB excels in:

Corporate Banking - where it has leading franchises in Transaction Banking
(trade finance, cash management) and in Specialized Financing (energy &
commodities, transportation, export, project, leveraged, media telecom,
corporate acquisition finance and real estate)

Derivatives - where it is one of the leading global players in interest rates,
credit, foreign exchange, commodity and equity derivatives.

Advisory and Capital Markets - where it is a top European house in ECM and a
global leader in DCM (bond, convertibles and equity issuance)

www.cib.bnpparibas.com

Daiwa

Daiwa Capital Markets is the international investment banking arm of Japan's
Daiwa Securities Group. Daiwa Capital Markets works in close collaboration
with Daiwa Securities in Japan and other Daiwa companies globally. As one of
the leading, comprehensive financial service firms in Asia, Daiwa Securities
Group operates core businesses such as Retail, Global Markets, Global
Investment Banking, Asset Management, and Investment.

Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking,
securities and investment management firm that provides a wide range of
financial services to a substantial and diversified client base that includes
corporations, financial institutions, governments and high-net-worth
individuals. Founded in 1869, the firm is headquartered in New York and
maintains offices in all major financial centers around the world.

HSBC

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in
London. The Group serves customers worldwide from around 6,600 offices in 81
countries and territories in Europe, the Asia-Pacific region, North and Latin
America, and the Middle East and North Africa. With assets of US$2,693bn at 31
December 2012, the HSBC Group is one of the world’s largest banking and
financial services organisations.

Mizuho

Mizuho Securities Co. Ltd. is the securities and investment banking arm of the
Mizuho Financial Group, one of the world’s largest financial services
companies. Head-quartered in Tokyo with a global network of offices, Mizuho
Securities offers a wide range of services including sales and trading in both
debt and equity securities, the underwriting of new issues, M&A advisory and
securities lending services.

Morgan Stanley

As a leading global financial services firm providing a wide range of
investment banking, securities, investment management and wealth management
services, Morgan Stanley is committed to harnessing the power of capital
markets to achieve sustainability for clients, communities and stakeholders.
Morgan Stanley’s Institute for Sustainable Investing seeks to mobilize capital
to address pressing global challenges and identify market-based, scalable
solutions. For more information about the Morgan Stanley Institute for
Sustainable Investing,
visithttp://www.morganstanley.com/sustainableinvesting.

Rabobank

The Rabobank Group is one of the world’s leading, sound and sustainable
financial institutions. With our roots in the Netherlands, the Rabobank Group
has grown in recent decades into an international financial services provider
that has activities in the field of banking, asset management, leasing,
insurance and real estate.

SEB

SEB is a leading Nordic financial services group. As a relationship bank, SEB
in Sweden and the Baltic countries offers financial advice and a wide range of
financial services. In Denmark, Finland, Norway and Germany the bank's
operations have a strong focus on corporate and investment banking based on a
full-service offering to corporate and institutional clients. The
international nature of SEB's business is reflected in its presence in some 20
countries worldwide. On September 30, 2013, the Group's total assets amounted
to SEK 2,569 billion while its assets under management totalled SEK 1,427
billion. The Group has about 16,000 employees. Read more about SEB at
www.sebgroup.com.

Contact:

PRESS CONTACTS:

Bank of America Merrill Lynch
Kerrie McHugh, 646-855-3375
kerrie.mchugh@bankofamerica.com
or
Citi
Tyler Daluz, 212-793-5234
tyler.b.daluz@citi.com
or
Crédit Agricole CIB
Teresa Wincrantz, +447595055877
Teresa.wincrantz@cnc-communications.com
or
JPMorgan Chase & Co.
Jennifer Kim, 212-622-7068
Jennifer.h.kim@jpmchase.com
or
BNP Paribas
Celeste Brown, +44-207-595-2436
celeste.brown@bnpparibas.com
or
Andrew Achimu, +44-207-595-6647
andrew.achimu@bnpparibas.com
or
Daiwa
Isabel deJesus, 212-612-6151
Isabel.dejesus@us.daiwacm.com
or
Deutsche Bank
Frank Hartmann, Frankfurt
Tel:+49(69)910-42744
Frank.hartmann@db.com
or
Goldman Sachs
Andrew Williams, +1 212-357-0005
andrew.williams@gs.com
or
HSBC
Jonny Blostone, +44 (0) 20 7992 3448
jonny.blostone@hsbc.com
or
Mizuho International plc
0207 236 1090
or
Morgan Stanley
Alex Wessendorff, +44 20 7425-8955
Alexander.Wessendorff@morganstanley.com
or
Rabobank
Evertjan Manuels, +31 30 216 9507
Head of Corporate Fixed Income Origination Rabobank International
evertjan.manuels@rabobank.com
or
Hans Biemans, +31 30 712 31 86
Global Sustainability Strategist Rabobank Global Financial Markets
Hans.biemans@rabobank.com
or
Press Office
+ 31 (0) 30 216 2758
pressoffice@rn.rabobank.nl
or
SEB
Anna Helsén, +46 706984858
anna.helsen@seb.se
 
Press spacebar to pause and continue. Press esc to stop.