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StarHub subsidiary secures first sustainability-linked loan of RM270 mil from CIMB

Felicia Tan
Felicia Tan9/17/2020 10:22 AM GMT+08  • 2 min read
StarHub subsidiary secures first sustainability-linked loan of RM270 mil from CIMB
The sustainability-linked loan is the first for both companies.
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StarHub’s subsidiary Malaren International has entered into a RM270 million ($88.8 million) sustainability-linked term loan facility agreement with CIMB Bank Berhad on September 17.

The sustainability-linked loan is the first for both companies.

CIMB will grant a rebate against the loan interest if the telco is able to achieve the pre-agreed annual targets in its CDP Climate Change Scores from FY2021 to FY2023. CDP, which is the leading global benchmark on the management of climate-related impacts, used to be known as the Carbon Disclosure Project.

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