Property field_blurb Read more at The Business Times.
CITY Developments Limited has bagged S$500 million in two green loans, marking the the first time such financing will be used in Singapore for new property developments, to the mainboard-listed developer announced on Friday.
Another two-year green loan of S$100 million is being extended by The Hongkong and Shanghai Banking Corporation Limited , which is structuring advisor for the loan. Said CDL CEO Sherman Kwek:"Green financing plays a pivotal role in channelling capital to build greener and more climate-friendly infrastructure. CDL’s inaugural green bond in 2017, and our new green loans have enabled us to tap on investors and banks that are supportive of our sustainability best practices.
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CDL snags $500m in green loans for new property developmentsSINGAPORE - City Developments Limited (CDL) has bagged $500 million in two green loans, marking the the first time such financing will be used in Singapore for new property developments, to the mainboard-listed developer announced on Friday (April 5).. Read more at straitstimes.com.
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