This is Singapore’s first green loan for an EC development, and the 10th green financing initiative for Frasers Property.
SINGAPORE (June 9): Frasers Property announced Tuesday that it has secured a $350 million green loan under the LMA/APLMA Green Loan Principles to finance its Fernvale Lane Executive Condominium (EC) development.
The loan was made through Frasers Property’s subsidiary Fernvale Lane. Fernvale Lane is 80% held by a wholly-owned subsidiary of Frasers Property and 20% held by CSC Land Group (Singapore).
