CapitaLand Mall Trust bags maiden S$200m green loan from OCBC
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Singapore
CAPITALAND Mall Trust (CMT) has secured a S$200 million, five-year green loan from OCBC Bank, its manager announced on Tuesday. This mark's CMT's first foray into green financing where all proceeds will be used to finance or refinance properties in its portfolio that have achieved the BCA Green Mark certification.
In support of the BCA's Green Building Masterplan, CMT is committed to achieving BCA Green Mark certification for all its operational properties by 2020. As of end August, 14 out of CMT's 15 properties are certified BCA Green Mark Gold and above, the manager said. These include Funan Mall (BCA Green Mark GoldPLUS) and Westgate (BCA Green Mark Platinum).
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