New World builds Asia’s first sustainability-linked bond

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By Morgan Davis
08 Jan 2021

Hong Kong-based property developer New World Development Co (NWD) opened a new area of issuance for Asian borrowers on Thursday when it sold the region's first dollar sustainability-linked bond.

NWD's $200m 10 year transaction marked a couple of firsts for the bond market. It was the first time a real estate borrower has sold a dollar sustainability-linked bond globally, and it was the maiden sustainability-linked bond from Asia ex-Japan.

In comparison, sustainability-linked loans have been around ...

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