Lendlease Group printed its debut green bond on 20 October to become the first nonfinancial corporate credit to print labelled green, social and sustainability (GSS) product in Australia this year. The issuer tells KangaNews its financing strategy now aligns with the business’s strong green credentials.
Argosy Property says its third green-bond deal attracted tighter pricing than comparable issuers’ conventional bonds and a good spread of investor interest. The borrower says the green label is one reason for the positive demand outcome.
On 20 October, Lendlease Group (Baa3/BBB-), via its financing entity Lendlease Finance, launched a new Australian dollar denominated, seven-year, senior-unsecured, benchmark, green-bond transaction. The forthcoming deal has indicative price guidance of 315 basis points area over semi-quarterly swap and is expected to price on the day of launch. ANZ, Commonwealth Bank of Australia, HSBC, National Australia Bank and SMBC Nikko are leading.