The loan is a five-year Singapore Overnight Rate Average (SORA)-based secured term loan and an uncommitted revolving loan facility arranged by Sumitomo Mitsui Banking Corporation (Singapore) and United Overseas Bank Limited (UOB).
Sapphire Star Trust, which is 40%-owned by Frasers Centrepoint Trust (FCT), has obtained its first green loan of $589 million.
Sapphire Star Trust is the property owner of Waterway Point.
