Green bonds tie into growing emphasis on corporate sustainability and ESG mandates.
Kimco Realty Corp. kicked off its debut green bond issuance earlier this summer with a bang. When its $300 issuance for 10-year bonds hit the market in July, it attracted more than 100 investors who quickly oversubscribed the issuance six-fold with orders totaling roughly $1.8 billion. The final issuance completed at $500 million with a competitive coupon rate of 2.7 percent, which at that time was 210 basis points over Treasuries Read Full Article: bit.ly/3mV6BuP Comments are closed.
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March 2021
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