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New World Development Sustainability-Linked Bond Q&A (Core Part)

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Finance Mandarin ESG Case Study:
What is an ESG-linked bond?
Corporate bonds that fund environmental, social, and governance (ESG) initiatives continue to capture investor hearts and minds. But ESG-labeled bonds come in different stripes, so investors need to discern between the good, the bad and the occasional ugly ones merely posing as ESG bonds.


New World Development Becomes World’s First Real Estate Developer To Price A USD Sustainability-Linked Bond
Commits to 100% Renewable Energy for Greater Bay Area Rental Properties by 2026

As part of its ongoing commitment to ESG integration, New World Development Company Limited (“NWD” or the “Company”) has become the first real estate developer in the world to price a USD Sustainability-Linked Bond (SLB). The SLB was oversubscribed by 6 times at its peak, with strong participation from international ESG investors (~80%) including renowned fund managers, asset managers and insurance companies across Asia and Europe. This deal was priced at T+275 basis points, implying negative 5 basis points new issue premium, and it also achieved the lowest yield yet for a public USD-denominated bond offering by NWD.

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The key point and your take-away from this case study 'New World Development Sustainability-Linked Bond Q&A (Core Part) '. Your learning combines both language skills and market knowledge.

ˉ

新

xīn

new

HSK 2

ˉ

新

xīn

new

new; newly; meso- (chemistry)

HSK 2

ˋ ˋ

世界

shì jiè

world

HSK 3

ˋ ˋ

世界

shì jiè

world

world; mw:个[gè]

HSK 3

ˇ ˊ ˋ ˉ ˇ ˋ ˉ ˋ ˋ

可持续发展挂钩债券

Kě chíxù fāzhǎn guàgōu zhàiquàn

Sustainability-Linked Bond

ˇ ˊ ˋ ˉ ˇ ˋ ˉ ˋ ˋ

可持续发展挂钩债券

Kě chíxù fāzhǎn guàgōu zhàiquàn

Sustainability-Linked Bond

ˉ ˊ

发行

fā xíng

issue

FMI 2HSK 6

ˉ ˊ

发行

fā xíng

issue

issue; publish;; to publish; to issue (stocks, currency etc); to release; to distribute (a film)

FMI 2 HSK 6

ˉ ˉ

包销

bāo xiāo

bought deal

ˉ ˉ

包销

bāo xiāo

bought deal

bought deal ; (PRC Mainland usage)

ˋ

问

wèn

to ask

HSK 2

ˋ

问

wèn

to ask

HSK 2

ˇ

与

yǔ

with

HSK 5

ˇ

与

yǔ

with

with; and; to give; to help; to get along with; and; with

HSK 5

ˉ

答

dā

to answer

ˉ

答

dā

to answer

to answer; to agree

。

。

 

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