News
GPT Funds Management’s first green bond engaged new investors, with its 10-year tenor and use-of-proceeds format attracting a A$350 million orderbook from 35 accounts. With A$6.4 billion of eligible green assets, the firm says it has scope for future issuance.
Pāmu’s debut sustainability-linked loan marks a step forward in sophistication and detail for this type of structure in New Zealand – according to the borrower and the bilateral facility’s lender, Westpac New Zealand. The three-year, NZ$85 million (US$60.1 million) deal incorporates four sustainability-performance targets, measured down to the level of Pāmu’s nationwide portfolio of 114 farms with equally weighted pricing incentives.
GPT Funds Management’s first green bond engaged new investors, with its 10-year tenor and use-of-proceeds format attracting a A$350 million orderbook from 35 accounts. With A$6.4 billion of eligible green assets, the firm says it has scope for future issuance.
