This is the group’s fifth green loan and it will use the proceeds from the tranche to refinance existing loans in relation to two green properties – Alexandra Point and 51 Cuppage Road.
SINGAPORE (July 17): Frasers Property says that its wholly-owned subsidiary Frasers Property Treasury has secured a A$750 million ($715.2 million) term loan comprising a A$500 million five-year green loan tranche under the LMA/APLMA Green Loan Principles and a A$250 million five-year tranche.
To promote sustainable practices, the green loan has a reducing pricing structure with interest cost savings from the second year onwards if the green properties maintain the requisite green standards.
