Selected recent deals

NAB completes green residential mortgage-backed security

• NAB has launched a RMBS transaction where A$500m of notes were green-certified under the Climate Bonds Standard.
• The green notes are backed by mortgage receivables on low carbon residential properties.

North Queensland Airports completes sustainability linked loan

• North Queensland Airports, which includes both Cairns Airports and McKay Airports, has completed a sustainability linked loan.
• The loan margin is linked to climate change, protection of natural biodiversity, and increasing employment of Australia’s First peoples.
• NAB acted as Joint Sustainability Coordinator on this transaction.

Aurecon completes sustainability linked loan

• Aurecon, an international design, engineering and advisory company, completed a sustainability linked loan and announced a Sustainable Finance Framework.
• The loan margin is linked to good health and wellbeing, gender equality and climate action.
• NAB acted as Joint Sustainability Coordinator on this transaction.

APM completes social loan

• APM, a human services company, completed a A$810 social loan, the first social loan linked to corporate debt facility in Australia.
• The issuer has committed the proceeds towards financing funds related to delivering social services by APM to a range of target populations including those with disabilities, the unemployed and vulnerable groups.
• NAB acted as a Lender on this transaction.

NZ Debt Management completes green bond programme

• NZ Debt Management has completed a green bond programme and announced a Green Bond Framework which has been externally reviewed with a Second-Party Opinion.
• BNZ acted as Joint Structuring Advisor on this transaction.

Deloitte NZ completes sustainability linked loan

• Deloitte NZ has completed a three-year sustainability linked loan, the first of its kind by a professional services organisation in NZ.
• The loan margin is linked to females in the Partner group, other diversity targets, females across all leadership positions, and reducing Scope 1, 2 and 3 greenhouse gas emissions.
• BNZ acted as Sole Sustainability Arranger and Lender on this transaction.

T&G Global completes sustainability linked loan

• T&G Global completed a three-year NZ$180m sustainability linked loan, a first in the horticulture sector in NZ.
• The loan margin is linked to climate change adaptation, climate change mitigation, and creation of permanent employment opportunities and career pathways.
• BNZ acted as Joint Sustainability Coordinator and Lender on this transaction.

Transpower NZ completes green bond

• Transpower NZ, the state-owned enterprise responsible for electric power transmission in NZ, completed a five-year NZ$200m green bond.
• The issuer has committed the proceeds towards Transpower’s transmission lines and substations, and key enabling infrastructure.
• BNZ acted as a Lead Manager on this transaction.

National Housing Finance and Investment Corporation completes social bond

• The National Housing Finance and Investment Corporation (NHFIC) has completed a ten-year A$462m social bond, including a fixed-rate note of A$362 and a floating-rate note of A$100m.
• The issuer has committed the proceeds towards funding eight community housing providers.

Oceania Healthcare completes sustainability linked loan

• Oceania Healthcare, an aged care living and retirement village, completed a five-year A$500m sustainability linked loan.
• The loan margin is linked to reduction of greenhouse gas emissions in line with SBTi, increasing diversion of construction waste from landfill, and improving resident experience and wellbeing.

Pact Group completes sustainability linked loan

• Pact Group, a packaging company, completed a A$420m sustainability linked loan, a first in the Australian manufacturing industry.
• The loan margin is linked to increasing percentage of recycled content across Pact’s packaging portfolio, increasing amount of recycled materials processed and distributed to the external market, reducing scope 1 and 2 greenhouse gas emissions, and reducing the gender pay gap.

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