{"id":116715,"date":"2020-05-28T10:51:53","date_gmt":"2020-05-28T03:51:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-obtains-500-million-sustainability-linked-bilateral-loan-from-uob\/"},"modified":"2020-05-28T11:04:21","modified_gmt":"2020-05-28T04:04:21","slug":"capitaland-obtains-500-million-sustainability-linked-bilateral-loan-from-uob","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-obtains-500-million-sustainability-linked-bilateral-loan-from-uob\/","title":{"rendered":"CapitaLand obtains $500 million sustainability-linked bilateral loan from UOB"},"content":{"rendered":"


\nThe loan is regarded to be the largest sustainability-linked bilateral loan in the real estate sector of Singapore. Photo: CapitaLand
\nCapitaLand has secured a $500 million sustainability-linked loan from United Overseas Bank (UOB). The loan is regarded to be the largest sustainability-linked bilateral loan in the real estate sector of Singapore.
\nThe four-year $500 million sustainability-linked loan from UOB represents CapitaLand\u2019s fifth sustainability-linked loan, which is said to be explicitly linked to CapitaLand\u2019s success in the Global Real Estate Sustainability Benchmark 2 (GRESB) \u2013 a leading environmental, social and governance (ESG) benchmark for real estate and infrastructure investments across the world.
\nIt can be recalled that CapitaLand placed first across four categories and led the Global \u2018Diversified \u2013 Listed\u2019 category with the highest tier rating of five stars in GRESB 2019.
\n\u201cIntegrating CapitaLand\u2019s ESG performance with our financial metrics demonstrates the group\u2019s long-term focus on sustainability and responsible growth. CapitaLand continues to step up our ESG efforts and sustainable finance as they have delivered tangible returns for the Group,\u201d said Andrew Lim, Group Chief Financial Officer of CapitaLand Group.
\nAs a matter of fact, CapitaLand and its real estate investment trust already acquired a total of over $2.42 billion in less than two years, through sustainable financing instruments, reinforcing the group\u2019s commitment towards responsible growth. To date, CapitaLand has partnered with seven financial institutions to secure a total of 12 sustainable financing instruments consisting of sustainability-linked loans, green loans and green bond.
\nUnlike green loans, CapitaLand enjoys more flexibility in using the sustainability-linked loan proceeds for general corporate purposes because it is tied to the ESG performance of CapitaLand as a group and not with any specific project or property.
\nCapitaLand will also generate interest savings as it maintains or improves its rating on the benchmark, as it did previously when it achieved a total of $600 million worth of interest savings on its existing sustainability-linked loans with Credit Agricole Corporate & Investment Bank, DBS, Natixis Bank and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale.
\n\u201cThrough the sustainability-linked loans, CapitaLand has been able to capitalise on our achievements in ESG and add resilience to our capital position. Notwithstanding the current economic climate, we have raised $1.5 billion in 2020 through sustainable finance. It is testament to the trust that our financial partners have in CapitaLand,\u201d added Lim.
\nAside from the group\u2019s success in sustainability-linked loans, CapitaLand also reported a total of $208 million worth of utilities cost avoidance in 2019 since 2009.
\nIn 2019 alone, the group\u2019s energy and water consumption intensities were notably reduced by 19.2% and 22.4% respectively from the base year of 2008, while its carbon emissions intensity recorded a 29.4% reduction since 2008.
\n\u201cFor CapitaLand, true sustainability is the ability to weather the storm and emerge stronger. As a responsible global real estate company, we place sustainability at the core of what we do by contributing to the environmental and social well-being of our communities as we deliver long-term economic value,\u201d explained CapitaLand Group Chief Executive Officer Lee Chee Koon.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CapitaLand obtains 0 million sustainability-linked bilateral loan from UOB<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The loan is regarded to be the largest sustainability-linked bilateral loan in the real estate...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-116715","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-umv","jetpack-related-posts":[{"id":99120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-gets-300m-sustainability-linked-loan\/","url_meta":{"origin":116715,"position":0},"title":"CapitaLand gets $300m sustainability-linked loan","date":"October 4, 2018","format":false,"excerpt":"\r This is the first and largest sustainability linked credit in Asia\u2019s property industry. CapitaLand revealed on Thursday (4 Oct) that it has clinched a $300 million multi-currency sustainability-linked loan from DBS Bank. Aside from being Singapore\u2019s biggest sustainability-linked financing provided by one lender, the five-year loan and revolving credit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118461,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uob-capitaland-collaborate-for-singapores-first-dual-tranche-sora-sofr-loan\/","url_meta":{"origin":116715,"position":1},"title":"UOB, CapitaLand collaborate for Singapore\u2019s first dual tranche SORA-SOFR loan","date":"September 3, 2020","format":false,"excerpt":"\r Capital Tower. Photo: CapitaLand.\u00a0 CapitaLand and United Overseas Bank Limited (UOB) have entered into a two-year\u00a0dual-tranche loan agreement worth $200 million.\u00a0 In a release, CapitaLand revealed that the dual-tranche loan references both the Secured Overnight Financing Rate (SOFR) and the Singapore Overnight Rate Average (SORA), making it the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65776,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-receives-global-recognition-for-sustainable-practices\/","url_meta":{"origin":116715,"position":2},"title":"CapitaLand receives global recognition for sustainable practices","date":"September 8, 2017","format":false,"excerpt":"\r View of The Interlace condominium in Singapore. (Photo: CapitaLand) CapitaLand has once again been listed in the Dow Jones Sustainability World Index (DJSI World) as well as in the Dow Jones Sustainability Asia Pacific Index. This is the group\u2019s sixth consecutive listing in the world index and ninth consecutive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25569,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asias-most-sustainable-diversified-property-developer-for-6th-year-is\/","url_meta":{"origin":116715,"position":3},"title":"Asia\u2019s most sustainable diversified property developer for 6th year is\u2026","date":"September 9, 2016","format":false,"excerpt":"\r Going green is the way to go in Singapore CapitaLand\u2019s Westgate mall was awarded Green Mark Platinum and Universal Design Platinum by the Building and Construction Authority (Photo: CapitaLand) CapitaLand has been named the most sustainable diversified real estate developer in Asia by the Global Real Estate Sustainability Benchmark\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25543,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-named-asias-most-sustainable-diversified-property-developer-for-sixth-year\/","url_meta":{"origin":116715,"position":4},"title":"CapitaLand named Asia\u2019s most sustainable diversified property developer for sixth year","date":"September 9, 2016","format":false,"excerpt":"\r CapitaLand\u2019s Westgate mall was awarded Green Mark Platinum and Universal Design Platinum by the Building and Construction Authority. (Photo: CapitaLand) CapitaLand has been named the most sustainable diversified real estate developer in Asia by the Global Real Estate Sustainability Benchmark (GRESB) for the sixth consecutive year. The GRESB also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101029,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-home-sales-in-china-hit-2bil-yuan\/","url_meta":{"origin":116715,"position":5},"title":"CapitaLand\u2019s home sales in China hit 2bil yuan","date":"November 8, 2018","format":false,"excerpt":"\r La Botanica in Xi\u2019an is one of four residential developments launched in \u201cGolden September Silver October\u201d season. (Photo: CapitaLand) CapitaLand held four residential launches in China over the past month, in which it sold a total of 1,506 units worth 2 billion yuan ($396.7 million) \u2013 marking the company\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116715"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=116715"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116715\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}