sustainability loan

Keppel DC REIT obtains $120 mil sustainability-liked Islamic credit facility.

The nature of the loan is said to be a first in Singapore.

The loan marks Frasers Property’s fifteenth green and sustainability-linked financing.

The loan interest rate will be pegged to Wilmar’s achievement of the target set based on the list of performance indicators.

The manager of CapitaLand Mall Trust (CMT) announced on September 8 that its $200 million revolving credit facility has been converted into a sustainability-linked loan by United Overseas Bank (UOB).

Hongkong Land, a member of the Jardine Group of companies, will be eligible to receive a tiered discount on the interest rate of the loan should it achieve pre-determined ESG targets agreed with DBS.

From January to August this year, the bank extended some US$1.36 billion ($1.86 billion) worth of green loans over eight deals.

The loan will go to financing the company’s capital expenditure (capex) investments for its rubber plantations in Cameroon and Malaysia.

Keppel Infrastructure Trust (KIT) and Keppel Energy (KE), have secured a seven-year $700 million sustainability-linked loan from DBS Bank and OCBC Bank for its jointly owned gas-fired co-generation plant, Keppel Merlimau Cogen Plant.

Leading food and global agri-business, Olam International and its wholly owned subsidiary, Olam Treasury, have secured a revolving sustainability-linked credit facility amounting to some US$250 million (S$348.4 million).