DBS and Oversea-Chinese Banking Corporation (OCBC) acted as green loan advisors. Both banks, along with six other financial institutions, are also mandated lead arrangers.
Singapore-based integrated real estate and healthcare company Perennial Holdings Private Limited (Perennial) and its consortium of investors have secured a $3 billion green loan.
The loan, which is Asia’s largest real estate green loan to date, is meant to finance the redevelopment of 8 Shenton Way. When completed, the 63-storey 8 Shenton Way will be Singapore’s tallest building at 305m high. It will also be among Asia’s most sustainable skyscrapers with its design to ensure energy efficiency as well as water efficiency.
