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Singtel secures first sustainability-linked loan of $750 mil under new programme

Atiqah Mokhtar
Atiqah Mokhtar4/22/2021 12:43 PM GMT+08  • 1 min read
Singtel secures first sustainability-linked loan of $750 mil under new programme
The three-year loan from DBS, OCBC and UOB features interest rate discounts pegged to ESG targets.
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Singapore Telecommunications’s (Singtel) subsidiary Singtel Group Treasury secured its first sustainability-linked revolving credit facility of $750 million.

In a press release dated April 22, Singtel says the loan is the largest Singapore dollar denominated sustainability-linked loan in Singapore to date.

The three-year loan provided by DBS, OCBC and UOB features interest rate discounts pegged to pre-determined environmental, social and governance (ESG) targets in areas such as climate risk, carbon management and workplace health and safety metrics.

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