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.