IFC, CapitaLand Ascott Trust jointly launch $111m ESG-linked bonds

IFC, CapitaLand Ascott Trust jointly launch $111m ESG-linked bonds

Somerset Millennium Makati is among CapitaLand Ascott Trust's serviced apartment that is expected to reduce electricity consumption by 40.5% by 2050.

Asia-Pacific’s largest lodging trust, CapitaLand Ascott Trust (CLAS), which is managed by Singapore-listed CapitaLand Investment, has launched JPY 16.5 billion ($111 million) sustainability-linked bonds in the global hospitality sector in partnership with International Finance Corporation (IFC).

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