CCT turns to Japan for green deal

By Morgan Davis
16 Dec 2019

Singapore’s CapitaLand Commercial Trust dove into the yen market this month to sell its inaugural green bond.

The real estate investment trust raised ¥10bn ($91.48m) from the 2027 deal on December 2, pricing the notes at 0.729%. The transaction marked Baa2/BBB+ rated CCT's first green bond in any currency, and the first green bond sold from a Singaporean issuer in yen, according to Dealogic.


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