QIC Shopping Centre Fund defied volatile market conditions to exceed volume and pricing expectations in its first-ever green bond, which priced on 7 August. The issuer says the deal was the culmination of a significant process towards delivering sustainability outcomes and its result highlights the benefits of green, social and sustainability (GSS) bond issuance.
On 7 August, QIC Finance, the issuing entity of QIC Shopping Centre Fund (A- by S&P) launched a new, six-year domestic green-bond deal to come in either or both fixed- and floating-rate formats. Indicative price guidance for the forthcoming transaction is 140 basis points area over swap benchmarks, with pricing expected on the day of launch.
Supportive lenders, a commitment to high standards of governance from day one and appetite for high-quality assets have allowed Brighte to fast-track a public capital-markets debut that now looks likely to happen in 2020. The company has committed to provide green securities to the securitisation market and is exploring options for certification and assessment of its asset pool.