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GLP raises US$658 mil in green financing led by ING

The Edge Singapore
The Edge Singapore2/22/2021 02:30 PM GMT+08  • 2 min read
GLP raises US$658 mil in green financing led by ING
The loan, extended by ten banks, was led by Dutch lender ING.
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Logistics player GLP has issued its first sustainability-linked loan of US$658 million, touted as the largest SLL in the Asia Pacific ex-Japan real estate sector.

The loan, extended by ten banks, was led by Dutch lender ING.

The three-year revolving credit facility was structured as an SLL tied to GLP’s latest Sustainalytics Environmental, Social and Governance (ESG) risk rating.

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