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Vicinity Leverages Sustainability Credentials With Inaugural Green Bond, Closing A A$300 Million (US$215 Million) Issuance

May 27, 2022 – Vicinity Centres announced its inaugural Green Bond with the issuance of $300 million of six-year AUD-denominated medium term notes (‘Notes’).

Subject to the satisfaction of customary conditions precedent, settlement of the senior and unsecured Notes is expected to occur on 2 June 2022.

Mr Grant Kelley, CEO and Managing Director, said: “Vicinity is an industry leader in sustainability, and we are pleased to leverage our green credentials to deliver our inaugural Green Bond issuance. Our commitment to creating sustainable precincts and our significant investment in transitioning our assets to a low carbon economy, over a number of years, has been recognised by investors as part of this issuance.”

The Green Bond has been issued under Vicinity’s Sustainable Finance Framework which is aligned with global market standards for sustainable debt1 and the United Nations Sustainable Development Goals. Both the Framework and the Green Bond pre-issuance process underwent assurance by KPMG.

Read more here..

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