Participating banks include United Overseas Bank, DBS Bank, Industrial and Commercial Bank of China Limited (Singapore Branch), Oversea-Chinese Banking Corporation (OCBC), CIMB Bank Berhad (Singapore Branch), RHB Bank Berhad and ING Bank N.V. (Singapore Branch).
A joint venture (JV) entity of Frasers Property Limited (SGX:TQ5
) has drawn down a five-year green term loan club facility totalling $1.08 billion to refinance a loan for Frasers Tower due in September, the company announced on Aug 22.
Under the loan terms, Frasers Property enjoys a lower margin on its green loan if Frasers Tower maintains at least a Green Mark GoldPLUS certification status, issued by Singapore’s Building and Construction Authority (BCA). Frasers Tower has already been accorded the higher rating of Green Mark Platinum.
