China Resources Land issues $300m and yuan 4.3bn notes

China Resources Land Limited has issued $300,000,000 in 4.125% notes due 2028 and yuan 4,300,000,000 in 2.40% notes due 2030, under its $3,900,000,000 Medium Term Note Program. The USD notes were issued at 99.568% of their aggregate nominal amount, yielding approximately $298.7 million in net proceeds, while the CNY notes were issued at 100.0% of their aggregate nominal amount, generating approximately yuan 4,290 million in net proceeds. Both tranches of notes are intended for purchase by professional investors only and are listed on the HKSE, with an expected effective listing date of 21 November 2025.

The net proceeds from these notes will be used for refinancing indebtedness and exclusively allocated to finance or refinance existing eligible green projects. This aligns with the issuer’s Sustainable Finance Framework, which has received a Second Party Opinion from Sustainable Fitch confirming its alignment with Green Bond Principles and Social Bond Principles.

The issuer emphasizes that the notes are not linked to the performance of the eligible projects, and holders will not have preferential rights or priority against the assets of any eligible project. Investors are advised to consider the risks involved, as the notes are not deemed appropriate for retail investors in Hong Kong.