Sustainability-Linked Bond Framework
The Sustainability-Linked Bond Framework has been developed by the Group as a basis for entering into future sustainability-linked financing, including by way of issuing Sustainability-Linked Bonds, and by reference to the International Capital Markets Association (ICMA) Sustainability-Linked Bond Principles 2020.
Sustainability-Linked Bond Issuance
In June 2021, Shui On Land Limited announced that the Company, through its wholly-owned subsidiary, Shui On Development (Holding) Limited, has priced its annual US$400 million Sustainability-Linked Bonds ("SLBs") under the Sustainability-Linked Bond Framework (the "SLB Framework").
The SLBs have a coupon of 5.50% and a tenor of five years with a call feature in the fourth year.