CONVENING NOTICE FOR THE ORDINARY SHAREHOLDERS MEETING The supervisory board invites the shareholders to attend the ordinary shareholders meeting, to be held at. | April 17, 2023
Harmony and Absa CIB conclude ground-breaking Sustainable Finance and ESG transaction cbn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbn.co.za Daily Mail and Mail on Sunday newspapers.
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Apartment Income REIT Corp. ( AIR ) (NYSE:AIRC) today announced the closing of a new $1.4 billion credit facility, results from first quarter 2021 leasing activity, and increased 2021 guidance.
$1.4 Billion Credit Facility
On April 14, AIR closed a new $1.4 billion credit facility, providing four-to-five-year money at a current all-in cost of 1.6%. The new term loans refund the existing term loan with a current cost of 2.6%. The transaction lowers 2021 interest expense expectations by $2.5 million, increasing FFO by an equal amount or $0.015 per share. Because the use was refunding existing debt, AIR leverage remains unchanged.
Strong Recovery in Apartment Demand
The sustained improvements described below support AIR expectations that fourth quarter 2021 occupancy will return to pre-COVID levels and for a continued recovery in property operations. These expectations are further supported by positive leading indicators in AIR s three most pandemic-affected markets of Phila
March 17, 2021
Nigel Beck Standard Bank
JSE-listed Netcare, which operates a network of hospitals and other healthcare services in South Africa and Lesotho, has launched Africaâs first sustainability-linked bond, in partnership with Standard Bank.Â
The coupon rate of these bonds is linked to the issuerâs achievement of certain pre-agreed sustainability performance targets. In Netcareâs case, the group aims to reduce its energy consumption, procure more renewable energy, reduce total carbon emissions, and further improve its water efficiency, partly by increasing its capacity to recycle grey water. In addition, Netcare is developing systems to ultimately convert all infectious healthcare risk waste (HCRW) produced on-site to inert products and achieve zero waste to landfill for waste, outside the HCRW stream, by 2030. Â