SEE: Chaly Mah succeeds Liew Mun Leong as Surbana Jurong chairman
It will also boost the group’s efforts to translate the UN Sustainable Development Goals (UN SDGs), set out in the 2030 Agenda, into concrete, measurable actions. If the sustainability goals are not met, Surbana has committed to pay investors a premium payment of 0.75% of the redemption amount at maturity. DBS Bank is the joint lead manager and bookrunner. ANZ Bank is the sole sustainability structuring advisor and joint lead manager and bookrunner. “Now, by tying our sustainability targets to our bond financing terms, we are drawing a clear alignment between our financing strategy and our business strategy, anchored on Environmental, Social and Corporate Governance (ESG),” says Surbana’s group CEO Wong Heang Fine. “As an industry leader, Surbana Jurong has demonstrated consistent progress in achieving our growth and ESG objectives. While reducing our own carbon footprint, we are working actively to help our clients do more with less,” Wong adds.