Singapore’s largest sustainability-linked bilateral loan

Singapore’s largest sustainability-linked bilateral loan

  • Over S$2.42 billion in total raised through sustainable finance in less than two years underscoring CapitaLand’s commitment to responsible growth
  • Records utilities cost avoidance of S$208 million since 2009 in latest Global Sustainability Report

Singapore, 28 May 2020 – CapitaLand has obtained a S$500 million sustainability-linked loan from United Overseas Bank (UOB), in tandem with the Group’s release of its 11th Global Sustainability Report which reports its sustainability performance in financial year 2019. The loan is the largest sustainability-linked bilateral loan in Singapore’s real estate sector. In total, CapitaLand and its real estate investment trusts have raised over S$2.42 billion [1] in less than two years, through sustainable financing instruments, reinforcing the Group’s commitment towards responsible growth.

To date, CapitaLand has partnered with seven financial institutions to secure a total of 12 sustainable financing instruments comprising sustainability-linked loans, green loans and green bond.

The sustainability-linked loan from UOB is explicitly linked to CapitaLand’s achievements in the Global Real Estate Sustainability Benchmark [2] (GRESB), a leading environmental, social and governance (ESG) benchmark for real estate and infrastructure investments across the world.

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