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Hongkong Land continues to grow Sustainable Financing with S$910 Million Sustainability-linked SORA-based loans signed in Singapore


Hongkong Land continues to grow Sustainable Financing with S$910 Million Sustainability-linked SORA-based loans signed in Singapore
Publications by the Newswire.
HONG KONG, June 29, 2021 /PRNewswire/  Hongkong Land has continued to drive sustainable financing with the signing in June of S$910 million (US$688 million) of sustainability-linked loans. Including these transactions, Hongkong Land has executed sustainability-linked loans amounting to US$1.9 billion with lenders in Hong Kong, Singapore and Thailand in the last 12 months.
The transactions are five-year revolving credit facilities signed bilaterally with DBS, MUFG, OCBC Bank, SMBC, and UOB which reference the Singapore Overnight Rate Average (SORA).   
Hongkong Land will be eligible to receive a tiered discount on the interest rate of the loans if it achieves agreed ESG targets.  hese targets include demonstrating continuous improvements in greenhouse gas emissions, electricity consumption, food wast ....

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