Hongkong Land successfully prices its first green bond
Publications by the Newswire.
HONG KONG, July 7, 2021 /PRNewswire/ Hongkong Land today announced that it has successfully priced its inaugural green bond (the bond ), raising US$500 million at a coupon rate of 2.25% per annum with a 10-year maturity.
The bond was allocated to a mix of Asian and European institutional investors, and was three times oversubscribed. The successful pricing of this bond underscores Hongkong Land s commitment to both sustainability and development of green financing in the region.
The net proceeds from this inaugural green bond will be used to fund the Group s initiatives that relate to green buildings, energy efficiency, renewable energy, clean transportation, sustainable water management, and climate change adaptation in accordance with the newly established Hongkong Land Green Financing Framework (the GFF ).
April 24, 2021
CHONGQING, China, April 24, 2021 /PRNewswire/ Hongkong Land today officially opened Kidzplorer, a STEAM (Science, Technology, Engineering, Arts and Mathematics) oriented play-centre now fully integrated into its first wholly-owned commercial development project in Southwest China: The Ring, Chongqing . Spanning the next five years, this new US$33 million investment will be rolled out to other cities across the Chinese mainland. Together with The Ring series, Kidzplorer is a value-adding enhancement that underlines Hongkong Land s commitment to driving strategic innovation, forging the future of Chongqing Liangjiang New Area and beyond. The ultimate experience is one that is designed to inspire the community and visitors, who can subsequently aspire to a better tomorrow.