Unrated status hinders NWD’s green ambitions

Morgan Davis

November 29, 2018 12:00 pm

Hong Kong green lake and blue sea from PA 230x150 — (170613) -- HONG KONG, June 13, 2017 (Xinhua) -- The green lake water and blue sea water are seen divided by the dam of the Plover Cove Reservoir in Hong Kong, June 6, 2017. This year marks the 20th anniversary of Hong Kong's return to the motherland. (Xinhua/Liu Yun) (zhs) | Liu Yun/Xinhua News Agency/PA Images

Hong Kong conglomerate New World Development Co printed its first green bond this week, raising $310m. While its green efforts were lauded, the company’s lack of rating kept many investors at bay.

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Topics

China Corporate Bonds Hong Kong SAR Asia Greater China Mizuho Northeast Asia BNP Paribas Asia Pacific Natixis Crédit Agricole Emerging Markets HSBC SRI DBS High grade and crossover bonds

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Morgan Davis

Deputy editor GlobalCapital Asia