Green Evaluation: Landsea Green Group Co., Ltd. US$150 Million Green Bond, January 9, 2018
On April 20, 2018, Landsea Green Group Co., Ltd. issued US$150 million in green bonds. In line with its Green Bond Framework, the company will use the proceeds to finance debt related to the construction of new and the refurbishment of existing environmentally certified green residential buildings in China. Of the proceeds, an assumed maximum of 10% may be used for R&D related to energy-efficient designs and technologies for green buildings, while the remaining 90% will be directly applied to these projects. Our evaluation only applies to the proceeds used directly for green projects and therefore excludes the financing of R&D activities.
Download