Investa Property Group
Investa Property Group says green-bond investors are becoming more sophisticated, as it prepares for a green bank-debt capital markets future. The firm recently priced a A$140 million (US$102.4 million) use-of-proceeds green bond, a follow up to Australia’s first such deal in 2017.
Debates around price, impact and social benefit in environmental, social and governance (ESG) investing have been quickly developing in recent years, and been further energised by the COVID-19 crisis. Commonwealth Bank of Australia (CBA) facilitated a discussion to get the latest views from issuers and investors.
The circumstances of 2020 have put particular pressure on corporate treasuries. Where the financial crisis was spawned – and, in Australia’s case, largely remained – in financial markets, COVID-19 rapidly developed from a public-health emergency into the greatest shock the real economy has seen in lifetimes.