Fashion
Hong Kong Reit Link Asset Management has signed an AU$212 million (US$123 million) five-year sustainability-linked loan with DBS Bank.
The loan is deliberately structured to incentivize sustainable practices, incorporating a reduced pricing structure with interest cost savings, which Link will be eligible for if it maintains its listing on leading global sustainability indices and achieves certain sustainability milestones. It is also the first sustainability-linked loan by an Asian Reit to be linked to GRESB performance.
“As we pursue our medium-term goals outlined in Vision 2025 and to create value for our stakeholders and the communities we serve,” said Link CEO George Hongchoy, “we are pleased to ensure the integration of sustainability best practices into our daily operations by introducing our very first sustainability-linked loan with our key relationship bank, DBS.”
Both Link and DBS are signatories to the United Nations Global Compact, and are listed on the Dow Jones Sustainability Asia Pacific Index and FTSE4Good Index.
