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.
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)