Mapletree Investments gets 200m euro sustainability-linked loan
If pre-set ESG targets are met, the interest rate on the OCBC loan will be subsequently reduced on a tiered basis
Add BT as a preferred source
Vivienne Tay
Singapore
MAPLETREE Investments has obtained a 200 million euro (S$310 million) sustainability-linked loan from OCBC Bank, which will be used for general working capital and corporate funding purposes.
The loan - which the bank said is one of the largest sustainability-linked loans for Singapore real estate developers - is linked to key environmental, social and governance (ESG) initiatives that Mapletree focuses on.
TRENDING NOW
Singapore developer in limbo after Timor-Leste scraps major township project
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS to remove mandatory financial advice for complex products for most retail investors
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
