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ALOG enters first sustainability-linked interest rate swap with HSBC Singapore

Atiqah Mokhtar
Atiqah Mokhtar7/21/2021 9:19 AM GMT+08  • 2 min read
ALOG enters first sustainability-linked interest rate swap with HSBC Singapore
The interest rate swap's economic terms are tied to specific ESG KPIs.
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ARA LOGOS Logistics Trust (ALOG) has entered into its first $80 million sustainability-linked interest rate swap (IRS) with the Singapore branch of The Hongkong and Shanghai Banking Corporation (HSBC Singapore).

The IRS will be utilised to hedge the interest rate risk of ALOG’s borrowings.

The IRS’ economic terms are directly linked to two specific green targets agreed upon by ALOG and HSBC Singapore that are in line with ALOG’s commitment to manage environmental impacts.

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