Frasers Property unit secures $785m green club loan

Submitted By:  Arianna Danganan Case Study:  No The net proceeds of the five-year term loan will be used to refinance the development of its Northpoint City South Wing mall. Frasers Property’s indirect wholly-owned subsidiary Frasers Property North Gem Trustee has clinched a green club loan worth $785m, an announcement revealed. According to Frasers Property, the green loan was drawn from a club of four banks comprising of Oversea-Chinese Banking Corporation (OCBC), DBS Bank, Bank of China’s Singapore Branch and Sumitomo Mitsui Banking Corporation Singapore. read more