University of Melbourne revives seven-year green-bond deal

Friday, 12 August 2022

Updated

Disclosure type: launch
Issuer name: University of Melbourne
Issuer rating: AA+ (S&P)
Expected issue rating: as issuer
Announcement date: 12 August 2022
Expected pricing date: 12 August 2022, subject to market conditions
Green-bond structuring agent: HSBC
Lead managers: Commonwealth Bank of Australia, HSBC

Transaction type: senior-unsecured green bond
Indicative volume: benchmark size, up to A$200 million (US$141.9 million)
Tenor: seven years
Coupon type: fixed
Price guidance: 100-105bp/s-q swap

The University of Melbourne's sustainability financing framework and proposed bond issuance are aligned with the Green Bond Principles, according to second-party opinion provider DNV.