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CDL bags S$500m in green loans for new property developments

Three-year S$400m loan from DBS Bank, two-year S$100m loan from HSBC

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Published Fri, Apr 5, 2019 · 09:50 PM

Singapore

CITY Developments Limited (CDL) has bagged S$500 million in two green loans, marking the first time such financing will be used in Singapore for new property developments, the mainboard-listed developer announced on Friday.

A three-year green loan of S$400 million will be provided by DBS Bank, which is also the adviser for the loan.

DBSHSBCSherman Kwek

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