Unibail’s green bond sets high structural standard

Unibail Viparis convention ctr
By Jon Hay
21 Feb 2014

Unibail-Rodamco, the French-Dutch property company, sold its first green bond on Wednesday, using a highly developed and comprehensive framework to monitor the use of proceeds, which will set a new reference point for future issuers. Jon Hay reports.

Bankers predict $20bn-$25bn of specially structured green bonds will be issued this year, doubling the market’s outstanding size, as government agencies and private sector companies warm to the instrument’s potential for publicising their sustainability credentials.

“We’ve paid a lot of attention to sustainable development for a long time, ...

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