Hong Kong conglomerate NEW WORLD DEVELOPMENT on Thursday sold Asia's first public offering of US dollar sustainability-linked bonds, a signal of the company's commitment to cut its carbon footprint. The issue was also the first US dollar SLB by a property developer and the first unrated issue in the format globally. NWD priced the 3.75% 10-year bond at 99.53 to yield 3.807%, or Treasuries plus 275bp, inside initial guidance of 300bp area, through joint global coordinators and structuring agents JP Morgan and UBS.
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