, Singapore

FCOT secures $100m sustainability-linked loan

It has a price reduction feature with interest cost savings from the second year onwards.

British and Malayan Trustee, a trustee of Frasers Commercial Trust (FCOT), has secured a $100m five-year term loan to refinance existing borrowings, an announcement revealed.

The sustainability-linked loan has a price reduction feature with interest cost savings from the second year onwards, subject to FCOT maintaining a Global Real Estate Sustainability Benchmark (GRESB) rating of not lower than four stars.

FCOT participated in the GRESB Real Estate assessment for the first time in 2019, ranking third amongst its Asia Pacific peer group.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.