Hong Kong property developer achieves capital markets first
New World Development becomes the first Asian corporate to issue a USD-denominated dual-tranche social and green offering in the public bond markets.
This article was first published on FinanceAsia. Hong Kong-listed real estate firm, New World Development, became Asia’s first non-financial corporate to issue a USD-denominated social bond in the public bond markets on June 10. The issuance also marked the first time that a Greater China-headquartered company had closed a USD-denominated green perpetual facility in the public arena. The dual-tranche offering comprised a $200 million dollar social note with a coupon rate of 5.87…
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