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.

 

QIC Shopping Center Fund

 

The QIC Shopping Centre Fund is managed by QIC, which is a Queensland Government owned corporation. QIC was created in 1991 and is operated separately from the Queensland Government.

The proceeds will be used to refinance the redevelopment of three shopping centers in Australia.

These are located in Toowoomba, Queensland; Melbourne; and the Gold Coast. The redevelopments are ongoing and are due to complete in 2020. Upon completion, the expected CO2 emissions reductions will exceed 34%, which is the threshold requirement for a 10 year bond.

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

TENOR

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
August 2019 Use of Proceeds AUD 300m (USD 202m)  6 years Australia Low Carbon Buildings

pre issuance verification by Sustainalytics

 

Press Release

Climate Bonds Blog