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CapitaLand bags loan linked to sustainable practices from UOB

Vivienne Tay

Vivienne Tay

Published Thu, May 28, 2020 · 09:50 PM
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Singapore

CAPITALAND has obtained a four-year S$500 million sustainability-linked loan from United Overseas Bank (UOB), the group said in a regulatory update on Thursday.

The property giant will be able to use loan proceeds for general corporate purposes, as the sustainability-linked loan is tied to its environmental, social and governance (ESG) performance as a group, and not any specific project or property.

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