SLB format delivers for APPF Commercial on a turbulent day
The sustainability-linked format of Australian Prime Property Fund Commercial’s latest bond – executed during a day of high interest-rate volatility – helped support a favourable pricing outcome, deal sources say.
Christchurch City adds fibre-optic UOP to New Zealand sustainable debt
Funds from Christchurch City Holdings’ use-of-proceeds sustainability bond are linked to the construction of a fibre-optic network by Enable, one of Christchurch City’s portfolio companies. Deal sources say the NZ$150 million deal is significant one because it supports a range of environmental and social outcomes.
Farm-level delivery highlights Pāmu’s debut SLL
Pāmu’s debut sustainability-linked loan marks a step forward in sophistication and detail for this type of structure in New Zealand – according to the borrower and the bilateral facility’s lender, Westpac New Zealand. The three-year, NZ$85 million (US$60.1 million) deal incorporates four sustainability-performance targets, measured down to the level of Pāmu’s nationwide portfolio of 114 farms with equally weighted pricing incentives.
Genesis plots emissions trajectory through new SLL terms
GPT Funds Management’s first green bond engaged new investors, with its 10-year tenor and use-of-proceeds format attracting a A$350 million orderbook from 35 accounts. With A$6.4 billion of eligible green assets, the firm says it has scope for future issuance.
RBA submits on YCC but keeps rate-hike expectations beyond analyst consensus
GPT Funds Management’s first green bond engaged new investors, with its 10-year tenor and use-of-proceeds format attracting a A$350 million orderbook from 35 accounts. With A$6.4 billion of eligible green assets, the firm says it has scope for future issuance.