Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

CDL Properties Limited

 

CDL(link is external) 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.

 

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)

pre issue report by KPMG India
 

post issuance report

 

Climate Bonds press release

CDL press release

CDL media release with more detail

Green Bond Framework and Second Opinion/Overview

Allocation Report 2019