Green Bond Fact Sheet
CDL Properties Ltd (CDLP)

Date: 25/06/2020

Issue date: 18-04-2017 Maturity date: 18-04-2019 Tenor: 2Issuer NameCity Developments Limited

Amount Issued

SGD100m/USD71m

Country of riskSingapore

CBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond TypeUse of proceeds bondGreen Bond Framework

Green Bond Framework

Second party opinion

N/A

Certification Standard

Climate Bonds Standard v2.0
and Sector Criteria:

Assurance report

Pre issuance verification

Green bond rating

N/A

Low Carbon Building Criteria(Upgrades)
Certification Verifier

KPMG

Use of Proceeds☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energy performance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use &agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation & resilience☐ ICT☐ Industry: process

Issue details
ReportingAs part of its annual sustainability reporting, the issuer reports on the environmental
characteristics of the building, including its CO2 emissions and energy consumption.
CDLP also reported on the allocation of the proceeds from the bond, within a year of issuance.

Company information

CDLP is a wholly owned subsidiary of City Developments Limited (CDL), which is a leading realestate developer, headquartered in Singapore, with properties across 106 locations globally. Its
properties include residences, offices, hotels, and shopping centres.
It is one of the largest companies in Singapore.

Firsts, records andcertifications
Proceeds description

First Certification in Singapore. First Certification for Low Carbon Buildings in Asia.
Refinance the retrofit of the issuer’s flagship building, Republic Plaza, in Singapore. The retrofit
delivered over 30% reductions in CO2 emissions, as a result of various building equipment andcomponent replacements and upgrades between 2010-2015.
The building is one of Singapore’s tallest buildings and was completed in 1996. The proceeds wereall allocated right away.

Climate Bonds view

Given that one third of global anthropogenic CO2 emissions come from buildings, and there is a
rapid development of new buildings in Asia, it is important that they are retrofitted to reduce
their carbon footprint in order to prevent “locking in” of high emitting buildings in the decades tocome.

Underwriters

DBS

Deal comments
Credit Rating
Pricing summary

Coupon: 1.96%

Investors summary1

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign