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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