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DBS extends A$295 mil green loan to GIC for Sydney CBD tower

Jovi Ho
Jovi Ho6/22/2022 09:36 AM GMT+08  • 3 min read
DBS extends A$295 mil green loan to GIC for Sydney CBD tower
DBS’ first AUD-denominated green loan is also one of the largest green loans by a Singapore lender in the Australia market. Photo: GIC
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DBS has extended a A$295 million ($284.31 million) green loan to Singapore sovereign wealth fund GIC for the refinancing of Chifley Tower Sydney, announced the bank on June 22.

The facility is one of the largest green loans extended by a Singapore lender in the Australia market and is also DBS’ first AUD-denominated green loan.

Completed in 1992, the Chifley Tower has attained Green Star certification by the Green Building Council of Australia, as well as a 5.5-Star National Australian Built Environment Rating System (NABERS) energy rating.

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