“CDL prints Singapore’s first Green bond” – Nasdaq – April 6, 2017

On April 6, 2017 Nasdaq reported that City Developments (CDL) priced Singapore’s first green bond.  The two-year senior unsecured issue – sold to fund managers and institutional investors – raised S$100m (US$71m).

“There is an increased interest in socially responsible investments and a growing demand for relevant products,” said Sherman Kwek, deputy CEO of CDL.  “CDL’s inaugural Green bond, also the first by a Singapore company, links our sustainability initiatives with the capital markets and enables us to tap on investors who are supportive of the commitment that CDL has made over the past two decades towards sustainability best practices.”

You may read the article on the Nasdaq internet site.