CCT turns to Japan for green deal

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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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