(March 09 10:21) Sbr.com.sg
Submitted By:
Staff Reporter
Case Study:
No
The interest rate will be reduced should ESG targets be met.
Mapletree Treasury Services, the wholly-owned subsidiary of Mapletree Investments, has secured its inaugural sustainability-linked loan of about $310m (€200m) from OCBC Bank, the company announced in a press release.
The loan will be used for general working capital and corporate funding purposes, said Mapletree.
Should the pre-set ESG targets be met, the interest rate will be reduced on a tiered basis and Mapletree will report its actual ESG performance on an annual basis.
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