Logos receives S$48m green loan from Credit Agricole CIB

LOGOS is partnering Credit Agricole CIB for a new three-year S$48 million green financing package, which is allocated to its new facility Logos Food21. The green loan also includes a green interest rate swap (IRS), the first green IRS in Singapore.

In support of the companies' sustainable efforts, the IRS has the preferential fixed rate paid by Logos linked to Logos Food21's green classification. It is to step up to non-preferential if the green condition is unmet.

Logos Food21 is a five-storey food production and logistics facility located in Singapore's Tuas West area. Completed in December 2020, the property was awarded a BCA Green Mark Platinum certification having incorporated thermal insulation, certified low carbon emission materials, energy saving lighting and native draught tolerant landscaping.

The 28,800 square metre facility is leased to regional food manufacturers and suppliers including Eurasia Global Food, Gan Teck Kar Investments and Brewlander.