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.

 

Investa Property

Investa Property Group is a Real Estate Investment Trust and is one of the largest owners of real estate with properties across Australia.

It is the first Australian property company to announce a Science Based Target and a 2040 net zero target.

Two of its funds, the Investa Office Fund (IOF) and the Investa Commercial Property Fund (ICPF) have each issued a Climate Bonds Certified Bond in 2017. The proceeds are used to refinance buildings in Investa's portfolios which meet the Low Carbon Buildings Criteria.

In January 2019, ICPF closed Australia's first Green Loan.

 

DATE OF ISSUE TYPE OF INSTRUMENT SIZE SIZE (USD) TENOR COUNTRY OF ISSUE CLIMATE BONDS SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT  FURTHER INFORMATION

April 2017

(fully redeemed in January 2019)note 1

Use of proceeds bond A$150m  US$113.5m 10 years Australia  Low Carbon Buidlings (Commercial)  pre issue report by EY   

Investa Office Fund Press Release

Green Bond Framework

April 2017 Use of proceeds bond A$100m US$75.2 m 7 years Australia  Low Carbon Buidlings (Commercial)  pre issue report by EY    Investa Commercial Property Fund Press Release 
January 2019 Loan - - - Australia  Low Carbon Buidlings (Commercial)  pre issuance statement by EY   Investa Commercial Property Fund Press Release
June 2019 Loan - - - Australia  Low Carbon Buidlings (Commercial)  pre issuance statement by EY     
August 2019 Loan - - - Australia  Low Carbon Buidlings (Commercial) assurance statement Oct 2019    
October 2019 Loan - - - Australia  Low Carbon Buidlings (Commercial) assurance statement Oct 2019   press release February 2020

 

Note 1: The bond April 2017 AUD 150 million bond issued by the Investa Office Fund was fully redeemed in January 2019, due to its acquisition by Oxford Properties.