Net proceeds from the issuance will be used to fund or refinance eligible green projects under Ho Bee Land (SGX:H13
) ’s Green Finance Framework, which has received a second party opinion rating of SQS2 from Moody’s, signalling the financing framework to be overall considered of very good sustainability quality.
Ho Bee Land has issued its inaugural green bond, a $160 million five-year fixed-rate unsecured green bond issued off the company’s $800 million multi-currency medium-term note programme.
The bond was distributed across a diverse range of investors, including institutional investors, private banks, corporations, and financial institutions in Singapore.
