Sunway REIT partners with OCBC Bank for sustainability-linked bonds

KUALA LUMPUR: SunREIT Unrated Bond Bhd (SUB) has issued the first tranche of Sustainability-Linked Bonds (SLBs) as part of Sunway Real Estate Investment Trust’s (Sunway REIT) inaugural sustainable financing exercise in partnership with OCBC Bank (Malaysia) Bhd.

In a joint statement today, they said the SLBs feature a pricing adjustment mechanism benchmarked against the achievement of predetermined Sustainability Performance Targets (SPTs).