Stockland Limited (ASX:SGP) has issued Australia’s first corporate green bond - a EUR300 million 7 year issue.
The property developer says the notes were priced at a Euro fixed rate coupon of 1.5 per cent and will be listed on the Singapore Stock Exchange.
The company says the debt instrument’s proceeds will be used to fund eligible environmentally sustainable projects.
CFO Tiernan O’Rourke says the issuance into the Euro market provides further diversification of funding sources at competitive long-term pricing.
Stockland reported a net profit of $527 million for the 2014 financial year.
