UOB will offer CMT tiered interest rates based on its annual green assessment.
United Overseas Bank (UOB) has converted CapitaLand Mall Trust’s (CMT) $200m revolving credit facility into a sustainability-linked loan, according to a press release.
This marks CMT’s first sustainability linked loan.
Under the terms of the sustainability-linked loan, UOB will offer CMT tiered interest rates on the facility based on CMT’s achievements in the annual GRESB Real Estate assessment.
GRESB is a leading environmental, social and governance (ESG) benchmark for real estate and infrastructure companies’ ESG efforts in management, environmental performance and building development.
CMT was recognised as the leader in the Asia “Retail – Listed” category in GRESB 2019.
The sustainability-linked loan follows CMT's first $200m green loan secured on 1 October 2019 to finance the Building and Construction Authority Green Mark-certified properties in our portfolio.
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