New World Development Company Limited's US$200 Million Guaranteed Sustainability-Linked Notes Offer – Global Legal Chronicle
Clifford Chance has advised J.P. Morgan Securities and UBS on New World Development (NWD) Company Limited’s issuance of US$200 million 3.75% Guaranteed Sustainability-Linked Notes due 2031. The issuance is the first US dollar sustainability-linked bond by a real estate company globally and also the first US dollar sustainability-linked bond in Asia (ex Japan). The Notes have a sustainability performance target of achieving 100% renewable energy for NWD’s Greater Bay Area rental properties by 2026. The performance against the target, which will be reviewed by a third-party assurance provi...
Source: globallegalchronicle.com