Sapphire Star Trust, which is 40%-owned by Frasers Centrepoint Trust (FCT), has obtained its first green loan of $589 million.

Sapphire Star Trust is the property owner of Waterway Point.

The loan is a five-year Singapore Overnight Rate Average (SORA)-based secured term loan and an uncommitted revolving loan facility arranged by Sumitomo Mitsui Banking Corporation (Singapore) and United Overseas Bank Limited (UOB).

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook