Investa Commercial Property Fund (ICPF) has issued a 10-year, $100 million Australian dollar green bond.
The bond, which has a semi-annual fixed coupon of 4.25%, is rated A- by Standard and Poor’s and has been approved a Certified Climate Bond by the Climate Bonds Initiative. The proceeds will be used to retire existing deb facilities and will be fully allocated against a portfolio of low carbon buildings in the ICPF portfolio, Investa said.
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