NWD cements ESG credentials with sustainability-linked bond debut

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By Morgan Davis
11 Jan 2021

New World Development Co printed Asia ex-Japan’s first sustainability-linked bond last week, raising $200m from the transaction. The Hong Kong-based property developer's deputy chief financial officer and its head of sustainability spoke to GlobalCapital Asia on Monday about why the firm ventured into this asset class and the challenges it faced.

The real estate company’s decade bond was not only the first sustainability-linked note to be sold in Asia ex-Japan, it was also the first real estate dollar sustainability-linked bond (SLB) in the world.

NWD has sold green bonds in the past, as well as a ...

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