The loan was also raised under its new Green Finance Framework, which gives GuocoLand and its subsidiaries access to various fundraising options linked to “eligible green projects”.
GuocoLand has secured a $974 million green club facility from DBS Bank (SGX:D05
) , United Overseas Bank (SGX:U11) (UOB), Oversea-Chinese Banking Corporation (OCBC) (SGX:O39) and Sumitomo Mitsui Banking Corporation for the refinancing of the commercial component of Guoco Tower.
This is GuocoLand (SGX:F17) ’s largest green facility to date, says the property group on June 28.
