Hyprop CEO, Morne Wilken, says the group had been confident from the outset of successfully raising or refinancing the R5 billion referenced by Moody’s.

Growthpoint Properties is the first South African company to issue a Green Bond on the Johannesburg Stock Exchange (JSE). The Growthpoint Green Bonds, for terms of five, seven and ten years, were issued and listed on the JSE on Friday, 9 March 2018.

Accelerate Property Fund, the JSE listed REIT with significant retail exposure in the dynamic Fourways node in Johannesburg, received significant support for its Domestic Medium Term Note issuance yesterday.

Moody's Investors Service has assigned Growthpoint Limited, the largest listed property company in South Africa by total assets, first time long-term and short-term Issuer Ratings of Baa2 and P2 and long-term and short-term National Scale Ratings of 'A1.za and P1.za'.