In October, CapitaLand Ascott Trust (Clas) and the International Finance Corporation (IFC) partnered to launch a Y16.5bn ($117.4m) sustainability-linked bond — the IFC’s first sustainability-linked bond (SLB) in the hospitality sector.
This was the latest in a series of sustainable finance firsts for the Singapore-based real estate investor, which primarily invests in serviced residences, rental housing, student accommodation and other hospitality assets, and describes itself as is the largest lodging trust in the Asia-Pacific region.
