Home News Sustainability

Sabana REIT secures $150 mil sustainability-linked loan

Felicia Tan
Felicia Tan2/28/2022 08:17 AM GMT+08  • 2 min read
Sabana REIT secures $150 mil sustainability-linked loan
The loan comprises a four-year tranche of $75 million and a five-year tranche of $75 million.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now