NWD makes old loan green, sets up new framework

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By Pan Yue
21 Mar 2018

Hong Kong-listed New World Development has converted a loan signed in March 2016 into a green loan, a first of its kind for the company and in line with its plan to promote sustainability across its business.

The HK$3.6bn ($459m) five year facility was first sealed in 2016 and was turned into a green loan this month following some amendments to the deal documentation. The property developer also unveiled its green finance framework on Wednesday, which will provide a guide to the funding of sustainable ...

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