Interest rates for the loan were reduced based on Keppel Land’s ongoing environmental, social and governance targets.
Keppel Land secured its maiden sustainability-linked loan of a five-year $150m with DBS Bank.
In a statement, DBS said the loan incorporates interest rate reductions based on pre-determined environmental, social and governance (ESG) targets.
The interest rate for the loan is composed of a compounded daily Singapore Overnight Rate Average (SORA) and an applicable margin.
You can find the original article here