CapitaLand Commercial Trust issues 10b yen maiden green bond

Singapore

CAPITALAND Commercial Trust (CCT) on Monday issued 10 billion yen (S$123.7 million) in eight-year unsecured bonds, bearing a fixed coupon of 0.729 per cent per annum.

This is its first green bond, issued under a new sustainability financing framework set up by CCT's manager to allow the real estate investment trust (Reit) to secure funding from sustainability-centric investors and diversify its funding sources.