Investa Office Fund
(ASX:IOF) has announced it will issue the first certified Australian dollar Green Bond for an Australian Real Estate Investment Trust (REIT).
The commercial office investment company will issue $150 million seven-year Green Bonds with a fixed coupon of 4.262% payable per annum, until maturity in April 2024.
The proceeds will be used by the company to reduce its bank debts and while the funds will also be allocated to a portfolio of Low Carbon Buildings in IOF’s portfolio.
Investa Office Fund says the issuance of the Green Bond demonstrates the business is commitment to a low carbon economy.
The Green Bond will be independently assured and certified by the Climate Bonds Initiative.
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(ASX:IOF) last closed 0.83% higher at $4.84
