GPT Group
As safe as bricks and mortar
In the second of two roundtables exploring corporate sectors on the front line of the COVID-19 crisis, in November 2020 KangaNews and Westpac Institutional Bank hosted issuers and analysts from the Australian REIT sector to talk about pandemic fallout. The conversation covered crisis response and the new shape of the sector in future, including the likely impact on individual property categories.
Sustainable corporate debt establishes base camp in Australia – and looks to the summit
Like the Australian corporate debt market as a whole, the local sustainable debt space has progressed in leaps and bounds over recent years but still has a mountain to climb. The emergence of sustainability-linked instruments has opened the sustainable-debt door to a new range of borrowers, while investors are increasingly integrating sustainability principles in their credit processes. Participants at a roundtable convened by KangaNews and Westpac Institutional Bank in November discuss their sustainability journeys and how they are preparing for the climb ahead.
GPT REIT issues first green bond
GPT Funds Management’s first green bond engaged new investors, with its 10-year tenor and use-of-proceeds format attracting a A$350 million orderbook from 35 accounts. With A$6.4 billion of eligible green assets, the firm says it has scope for future issuance.
GPT prints A$250 million 10-year green bond
GPT launches 10-year domestic green-bond deal
On 26 October, GPT Wholesale Office Fund No. 1, an entity of GPT Funds Management (A- by S&P), launched an Australian dollar denominated, 10-year, benchmark, green-bond deal. The transaction is being marketed at 140 basis points area over semi-quarterly swap and is expected to price on the day of launch. ANZ and Westpac Institutional Bank are joint lead managers and green-bond coordinators.
GPT taking indications of interest for 10-year domestic green bond
