.CityDevLtd secures S$250m sustainability-linked loan from dbsbank
REAL estate group City Developments Limited has obtained a S$250 million three-year revolving credit facility from DBS Bank to promote the United Nations Sustainable Development Goals .
Tai Lee Siang, executive director of BuildSG at the Building and Construction Authority, said: “The green financing initiative is a commendable effort given the increasing need to build more environmentally friendly buildings and infrastructure to mitigate the impact of climate change.” In 2017, CDL issued the first green bond by a listed Singapore real estate company. The green bond raised S$100 million, which was used to repay a company loan that financed initiatives to improve energy and water efficiency at Republic Plaza, CDL’s flagship Grade A office building.
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