China’s Shui On Land plans green notes through subsidiary

By Cady Vishniac

Detroit, Nov. 24 – Shui On Development (Holding) Ltd. has proposed issuing green notes to be guaranteed by its parent, Shui On Land Ltd., according to an announcement with the Singapore Exchange.

UBS AG Hong Kong Branch will act as green adviser, global coordinator, initial purchaser, bookrunner and lead manager for the Regulation S only issue.

Proceeds will be used for funding or refinancing, in full or in part, eligible projects under the company’s green finance framework.

Shui On Land is a Hong Kong-based property development company.

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