The bond, which is IFC’s first sustainability-linked bond in the hospitality sector, has a fixed coupon rate of 1.05% per annum (p.a.) and is paid semi-annually in arrears.
CapitaLand Ascott Trust (CLAS) has priced a 16.5 billion yen ($157.4 million) sustainability-linked bond under its $2 billion multicurrency debt issuance programme.
The bond was launched in partnership with the International Finance Corporation (IFC), where IFC is the sole subscriber of the sustainability-linked bond.
