DBS extends $47.7m sustainability-linked loan to PSA Marine

Uploaded By:  Kevin Santos Submitted By:  Staff Reporter Case Study:  No The loan was the first to be granted to the country's maritime industry. DBS has granted marine services firm PSA Marine with a three-year $47.7m (EUR30m) equivalent sustainability-linked loan, the first to be granted to the country’s maritime industry. The loan features an interest rate adjustment linked to an ESG target, which requires a fleet of PSA Marine’s crew transfer vessels to be substantially deployed to support offshore wind energy-related activities. read more