CCT issues first green bond of $124.7m

These are set to mature by November 2027.

CapitaLand Commercial Trust (CCT) has issued its first green bond which comprises of $124.7m (JYP10b) of unsecured bonds, announced the company. This is issued under its Sustainability Financing Framework.

The green bonds are set to mature by November 2027.

Seven of CCT’s eight Singapore properties are currently certified Green Mark GoldPLUS and above by Singapore’s Building and Construction Authority (BCA). These include Capital Tower, CapitaGreen, and the upcoming CapitaSpring, which has been accorded the BCA Green Mark Platinum and Universal Design Mark GoldPLUS.

The Sustainability Financing Framework by CCT will also facilitate the future issuance of sustainable debt to fund investments that meet environmental and social objectives, including select United Nations’ sustainable development goals.