The sustainability-linked loan, which has a price reduction structure that adopts sustainability performance targets linked to the group’s goal to be a net-zero carbon corporation by 2050, is a first for FPL. Its key feature is its price reduction structure that provides interest rate savings from the second year if FPAHL achieves a prescribed reduction in its annual absolute greenhouse gas emissions based on its FY2019 footprint.
Frasers Property (FPL) (SGX:TQ5
) has secured a five-year A$340 million ($312.9 million) and US$75 million ($100.4 million) syndicated sustainability-linked loan for its Australia business, Frasers Property AHL Limited (FPAHL).
FPAHL is a subsidiary of Frasers Property Australia Pty Limited (FPA).
