Wed, January 15, 2025
Tue, January 14, 2025

Developer GuocoLand secures green loans totalling $908 million

GuocoLand, a Singapore-based property developer, has secured green loans totaling S$1.2 billion (approximately $908 million) to finance its sustainable development projects. These loans, which include a S$500 million three-year club loan and a S$700 million five-year loan, are part of GuocoLand's strategy to fund environmentally friendly projects such as the Guoco Midtown development. The financing aligns with GuocoLand's commitment to sustainability, aiming to reduce carbon emissions and enhance energy efficiency in its real estate portfolio. The loans are structured to meet the criteria of the Green Loan Principles, ensuring that the funds are used for projects that have positive environmental impacts.

Read the Full Reuters Article at:
[ https://www.reuters.com/sustainability/sustainable-finance-reporting/developer-guocoland-secures-green-loans-totalling-908-million-2025-01-15/ ]