University of Melbourne taking IOIs for green bond

Monday, 25 July 2022

Updated

Disclosure type: IOI
Issuer name: The University of Melbourne
Issuer rating: AA+ (S&P)
Expected issue rating: as issuer
Announcement date: 25 July 2022
Expected launch/pricing date: "subject to market conditions"
Lead managers: Commonwealth Bank of Australia, HSBC

Transaction type: senior-unsecured green bond
Indicative volume: benchmark size, up to A$200 million
Tenor: seven years
Coupon type: fixed
Price guidance: 115-120bp/s-q swap area

The University of Melbourne's sustainability financing framework and proposed bond issuance are aligned with the Green Bond Principles, according to second-party opinion provider DNV.