Redefine Properties, a leading South African Real Estate Investment Trust (REIT), has issued another green bond as it leverages its sustainability journey. Redefine will use the money raised to refinance eligible green assets (across its property portfolio) that align with the group’s overarching, long-term climate-resilient framework. Redefine’s third green bond was oversubscribed 1.9 times with R1.9 billion received in bids at an auction on 21 August and resulted in an upsized allocation to ZAR1.0 billion across three, five and seven years. The green bond aligns with Redefine’s sustainability goal to further transform its properties into environmentally sustainable and resource-efficient assets. The green bond also aligns with the International Capital Market Association Green Bond Principles.
