Hong Kong-listed Link Reit becomes world’s first real estate trust to issue green convertible bond

//Hong Kong-listed Link Reit becomes world’s first real estate trust to issue green convertible bond

Hong Kong-listed Link Reit becomes world’s first real estate trust to issue green convertible bond

Link Reit, Asia’s biggest property investment trust, is selling a HK$5 billion (US$640 million) green convertible bond, making it the world’s first real estate company to issue such a bond.In a filing to Hong Kong stock exchange, Link Asset Management, the manager of Link Reit, proposed to sell the five-year paper with a 0.8 to 1.6 per cent coupon.The bond was expected to be priced on or around Thursday.The proceeds will be used to refinance or fund Link’s existing and future eligible green…

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By | 2019-03-07T13:51:58+00:00 March 7th, 2019|Business|Comments Off on Hong Kong-listed Link Reit becomes world’s first real estate trust to issue green convertible bond