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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
Vivienne Tay
Published Mon, Mar 9, 2020 · 09:50 PM
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.
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