DBS will provide $710 million as the anchor lender and sole sustainability coordinator. In addition, three other banks — Industrial and Commercial Bank of China (ICBC), Bank of China (BOC) and Oversea-Chinese Banking Corporation (OCBC) — will jointly contribute $420 million under the facility.
One Raffles Quay (ORQ) has secured a $1.13 billion five-year sustainability-linked loan (SLL) from four banks. The office building complex aims to further minimise its carbon footprint through cutting energy consumption and water usage by between 20% and 29%.
ORQ is certified Green Mark Platinum-certified by the Building and Construction Authority. The complex is jointly owned by Hongkong Land, Keppel REIT and Suntec REIT.
