United Industrial Corporation Limited (UIC) has secured its first green and sustainability-linked loans from UOB and DBS Bank.

The loans comprise two three-year revolving credit facilities that total up to $300 million.

The $200 million sustainability-linked loan will go towards partially refinancing of existing facilities and general corporate purposes, while proceeds from the $100 million green loan will go towards the major upgrading of the 48-storey Singapore Land Tower.

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