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Frasers Property secures A$500m green loan for two Singapore properties

Proceeds from five-year green loan tranche will be used to refinance existing loans relating to Alexandra Point and 51 Cuppage Road

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Ng Ren Jye

Published Wed, Jul 17, 2019 · 09:50 PM

Singapore

FRASERS Property has secured a A$750 million (S$715.2 million) term loan, comprising a A$500 million green loan tranche and a A$250 million five-year tranche. The A$500 million tranche is Singapore's first green loan with a pricing structure linked to the BCA Green Mark, the real estate developer said on Wednesday.

The BCA Green Mark is a rating system to evaluate a building for its environmental impact and performance.

frasers propertySingapore property

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