IFC is the sole subscriber for the JPY16.5 billion or about S$157.4 million sustainability-linked bond. The seven-year bond will mature in November 2029.
“Our investment will support the decarbonization of a portfolio of energy-intensive buildings, while also ensuring that the energy reduction is specifically aligned with Net Zero targets,” Lim added. IFC said the electricity consumption reduction target is aligned with the targets set out under the CapitaLand 2030 Sustainability Master Plan.
“Currently, 35 percent of CLAS’ portfolio is green-certified and we remain on track to green 50 percent of our portfolio by 2025 and our entire portfolio by 2030,” Teo added. The bond was well-received by investors and was about 2.2 times oversubscribed. CLAS has achieved several firsts as part of its global sustainability drive, further consolidating its reputation as a leader in sustainability in the hospitality sector.
France Dernières Nouvelles, France Actualités
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