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UIC secures green, sustainability-linked loans worth S$300m

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Published Mon, Mar 1, 2021 · 09:50 PM

Singapore

UNITED Industrial Corporation Ltd (UIC) announced on Monday that it has secured its first green and sustainability-linked loans amounting to S$300 million from UOB and DBS. They comprise a S$200 million sustainability-linked loan and a S$100 million green loan.

The green loan will be used to fund major upgrading works at the Singapore Land Tower, which is owned by UIC.

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