“Our recently established green finance framework has again enabled us to access green financing options for our development projects, and further affirms how sustainability continues to be an integral part of the group’s strategy and our developments,” says Andrew Chew, GuocoLand’s group chief financial officer.
GuocoLand has secured a $498.6 million green club facility to finance the development of the Lentor Gardens site. With the latest facility, the group would have secured over $2.9 billion of green financing to date.
The facility, which was secured from DBS Bank and Oversea-Chinese Banking Corporation (OCBC), was raised under GuocoLand’s green finance framework. The framework allows the group to enter into green finance transactions to fund and refinance projects that will deliver environmental and social benefits that support its sustainability objectives.
