SINGAPORE, March 20 (Xinhua) -- Singapore's CapitaLand Investment has issued its inaugural sustainability-linked panda bond, raising 1 billion yuan (139 million U.S. dollars) from investors, according to a statement released by the company Wednesday.
The bond, with a three-year tenor and a fixed coupon rate of 3.5 percent per annum, received a subscription rate of 1.65 times, the statement added.
This is the first sustainability-linked panda bond issued by a Singapore company, the statement said.
Panda bonds are yuan-denominated debts sold by overseas issuers in China. ■