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Double bond launch for Hong Kong developer

10th June 2022

New World Development has issued a dual tranche of US dollar green and social bonds, which it claims is a world first.

The Hong Kong-listed developer has raised $200 million from the social bond, which pays a coupon of 5.875% and $500 million from the green bond, with a coupon of 6.15%, both issued under its sustainable finance framework.

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