The loan is a five-year unsecured committed facility, at Hong Kong Interbank Offered Rate (HIBOR) +1.8%. It has a tiered incentive mechanism where the group will be entitled to an interest reduction when its sustainability targets are achieved.
ESR Group, the sponsor of SGX-listed ESR-LOGOS REIT (E-LOG), has announced the closing of a HK$4 billion ($714.1 million) sustainability-linked loan on Sept 5.
The loan, which is the fifth such loan that the group has closed within the past 12 months, comes with the option to upsize it to HK$7 billion.
