Sabana Industrial Real Estate Investment Trust (Sabana REIT) announced, on Feb 28, that it has secured its first $150 million sustainability-linked loan from The Hongkong and Shanghai Banking Corporation Limited (HSBC).
The loan comprises a four-year tranche of $75 million and a five-year tranche of $75 million. The interest rate of the loan pegged to pre-determined annual energy and water intensity targets for Sabana REIT across its portfolio.
The REIT will be able to enjoy lower pre-agreed interest rates on the facility if the targets are met.
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