JSE-listed Redefine Properties has launched a R1-billion sustainability-linked bond on the JSE, which marks the largest amount raised so far by a South African real estate investment trust in what is a growing sustainability bond space.
The company explains in a release that the funds will be used to refinance upcoming bond maturities, which will allow Redefine to measurably increase the use of solar energy and enhance water efficiency at its South African assets.