CapitaLand Investment raises RMB1 bil from first sustainability-linked panda bond

Provided under CLI’s RMB2 billion financial obligation issuance programme, the panda bond is associated to CLI’s aim at of decreasing its power intake intensity by at least 6% for its Chinese residences.

Net profits from the issuance will most likely be used to refinance CLI’s occurring loans.

The bond has made it possible for the organization to connect to lower-cost RMB funding and even more expand its local financing channels and investor base.

The Arden floor plan

The panda bond, which is the first to be provided by a Singapore company, has a three-year tenor and a fixed coupon price of 3.5% per annum.

CapitaLand Investment (CLI) has built up RMB1 billion ($187.1 million) from its first sustainability-linked panda bond from institutional clients. The registration price was 1.65 times.

“The panda bond additionally combines our funding initiatives with CLI’s sustainability effectiveness, showing our emphasize accountable development. This latest effort to get the big residential financing market in China assists mitigate foreign exchange fluctuations and is part of our continuous prudent capital administration,” he includes.

“The effective launch of our first panda bond shows the reliance that institutional investors possess in CLI’s established performance history and lasting expansion leads in China. It makes it possible for CLI to expand our funding resources and raise our economic compliance,” claims Puah Tze Shyang, CEO of CLI (China).


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