CDL is a Singapore-listed international real estate operating company with a global presence spanning 97 locations in 26 countries. CDL, through its wholly-owned subsidiary, CDL Properties Ltd, has issued Singapore’s first property bond Certified under the Climate Bonds Low Carbon Buildings Criteria. Proceeds of the SGD 100m (USD 70.7m) issuance will be allocated to the repayment of a SGD 100m loan extended by CDL to CDLP which owns Republic Plaza, one of Singapore’s tallest skyscrapers and a premium Grade A office building in the heart of Singapore’s Central Business District.
This is the first Certified Climate Bond issued in Singapore.
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DATE OF ISSUE |
TYPE OF INSTRUMENT |
SIZE |
TENOR |
COUNTRY OF ISSUE |
CLIMATE BONDS SECTOR CRITERIA |
VERIFIER'S REPORT |
ANNUAL REPORT | FURTHER INFORMATION |
|---|---|---|---|---|---|---|---|---|
| April 2017 | Use of proceeds bond | SGD100m/USD71m | 2 years | Singapore | Low Carbon Buildings (Commercial) |
CDL media release with more detail |