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M+S bags record green loan for Marina One integrated development
S$1.95b deal from DBS, OCBC and UOB is largest of its kind for an Asia-Pacific real estate company
Fiona Lam
Published Mon, Jul 27, 2020 · 09:50 PM
Singapore
THE national joint venture between Malaysia and Singapore, M+S Pte Ltd, on Monday announced that it has obtained a S$1.95 billion green loan for the integrated development Marina One from DBS, OCBC Bank and United Overseas Bank (UOB).
The landmark deal, the largest green loan for a real estate company in the Asia-Pacific to date, is set to bolster Singapore's reputation in sustainable financing, said Elaine Lam, OCBC Bank's head of global corporate banking.
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