Link Holdings brings first green bond by Asia Reit

Hong Kong's first listed Reit makes its green bond debut with a transaction that prices through its secondary market curve.

Hong Kong-listed Link Real Estate Investment Trust made its green bond market debut on Thursday with a $500 million issue, which priced through its secondary market curve

The combination of fairly aggressive pricing and a more subdued credit market backdrop led to an order book that peaked at $2 billion, according to one syndicate banker This was not quite as impressive as order books earlier this week but still a healthy four times oversubscribed

The A2/A rated deal was initially marketed at 165bp over Treasuries before indicative pricing was tightened to between 145bp and 150bp over

Final pricing was fixed at 99 123% on a coupon of 2 875% to yield 2 977% or 145bp...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222