A CapitaLand Tower. CapitaLand Ltd has secured a total of S$400 million (US$281 million) in two bilateral green loans to catalyse greening of the group’s global portfolio by 2030. — VNS Photo CapitaLand Ltd has secured a total of S$400 million (US$281 million) in two bilateral green loans to catalyse greening of the group’s global portfolio by 2030, the company has announced. The S$150 million ($105 million) four-year green loan is provided by DBS Bank Ltd (DBS), while the S$250 million($175 million) three-year multi-currency green loan is provided by The Hong Kong and Shanghai Banking Corporation Ltd – Singapore Branch (HSBC). Proceeds from these green loans will be used towards the financing or refinancing of the development, investment and acquisition of certified green buildings. The green buildings must achieve or are expected to achieve minimally a Green Mark GoldPLUS certification from the Building & Construction Authority of Singapore (BCA) or a Leadership in Energy and Environmental Design (LEED) Gold rating by the United States Green Building Council. Andrew Lim, Group Chief Financial Officer, CapitaLand Group, said: “CapitaLand’s continued efforts in sustainable finance shows our strong dedication to responsible growth. With the latest S$400 million in green loans, CapitaLand and our… Read full this story
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