This brings the group’s sustainable finance to $1.16 billion, or 79% of its total loans.
CapitaLand India Trust (CLINT) secures $200 million sustainability-linked loan (SLL) from the International Finance Corporation (IFC), a member of the World Bank Group.
The SLL will be used to re-finance its existing revolving credit facilities (RCFs). This will also unlock additional availability of the RCFs, reduce CLINT’s finance cost and further diversify its funding sources, according to a release by CLINT on May 30.
